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Mohamed A. El-Erian, president at Queens' College, University of Cambridge, highlights that U.S. stock futures are under pressure at the start of the week.
He points to heightened U.S.-Iran skirmishes over the weekend and a sell-off in the Korean market as key factors, also mentioning the impact of rising oil prices.
El-Erian recently noted that markets and the Federal Reserve are closely watching the upcoming release of U.S. May PCE inflation data, which is due this week here. He also discussed current trends in the U.S. economy and financial markets during an appearance on CNBC’s Squawk on the Street here. These recent comments come as investors monitor geopolitical developments and price movements at the start of the week.