E-mini Dow in Position to Challenge Low of Year at 32086

Early Monday, June E-mini Dow Jones Industrial Average futures were down due to fears about interest rates and global economic growth and recession. Sharp falls in Asia and Europe are also putting pressure on US futures markets, indicating a weaker cash market opening at 14:30 GMT.

"A string of rate rises and hawkish communication occurred amid falling Chinese and European activity, fresh plans for Russian energy curbs, and persistent supply-side pressures," Barclays analysts cautioned.

"This raises the bleak potential of sustained inflation, which would force central banks to raise rates despite drastically decreasing GDP."

June E-mini Dow Jones Industrial Average futures are trading 32392, down 417 points or 1.27 percent, at 08:41 GMT. The SPDR Dow Jones Industrial Average ETF (DIA) closed at $329.11 on Friday, down $1.13 or -0.34%.

Investors are responding to dismal economic data out of China, in addition to concerns over interest rate rises and recession fears. Wider COVID-19 lockdowns in China, according to a study issued early Monday, slowed export growth in the world's second largest economy in April.