US equity futures trade lower ahead of opening session

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US equity futures trade lower ahead of opening session

The global rally was short lived and the US equity futures are trading lower.

The major futures indexes suggest a decline of 0.9% when the opening bell rings on Wall Street.

After jumping by more than $3 per barrel the previous day, oil prices fell.

The market sentiment is affected by the strong dollar, demand worries, and concerns over the faltering global economic outlook.

U.S. crude futures traded around $80.00. The price of crude futures was around $87.00.

The economic agenda includes the third and final reading on 2Q GDP and the latest weekly jobless claims numbers.

The yield on the 10 year U.S. Treasury, or the difference between its market price and the payout if it is held to maturity, was at 3.84% on Thursday after exceeding 4% on Wednesday, its highest level in a decade.

Asian stock markets followed Wall Street higher Thursday after Britain's central bank intervened in force to stop a budding financial crisis.

The Nikkei 225 in Tokyo gained 0.7%, the Hang Seng in Hong Kong increased 1.3% and China's Shanghai Composite Index rose 0.3%.

Wall Street's benchmark S&P 500 index soared by 2% on Wednesday for its biggest gain in seven weeks, after the Bank of England said it would buy bonds over the next two weeks to stop a slide in prices.

The Dow Jones Industrial Average went up 1.9% to 29,683. The Nasdaq composite climbed 2.1% to 11,051.