U.S. Stock Futures Are Higher After Yesterday's Sell Off #WSJ #Evergrande #StockMarket

U.S. stock futures are higher: Futures are edging higher this morning after yesterdays’ sell off. The magnitude and speed of change in treasury yields spooked equity markets and the rate of this change, roughly 20 bps (10y) in one week, has caught most investors off guard.  Higher global energy/commodities prices and its potential impact on inflation have contributed to this pull back.  Attractive US domestic treasury yields are attracting global capital flows, with the WSJ Dollar Index hitting the highest level since November.  Asian markets are lower this morning.  Worries about persist Chinese regulatory interference and Fed tapering are pressuring shares.  Expect higher volatility in Asian equities as the Evergrande fallout is still analyzed and its impact on the Chinese real estate market is uncertain.   European markets are trading higher,  taking a lead from U.S futures.