Stock Index Futures Muted as Oil Prices Resume Advance After Iran Strikes, FOMC Meeting in Focus

Economic data released on Monday showed that U.S. industrial production rose +0.2% m/m in February, stronger than expectations of +0.1% m/m, and manufacturing production rose +0.2% m/m, stronger than expectations of +0.1% m/m. At the same time, the U.S. March Empire State manufacturing index fell to -0.2, weaker than expectations of 4.0.“While markets may experience some relief if the situation in the Middle East doesn’t notably deteriorate, any rebound in stocks risks being short-lived without clearer sign ...