U.S. stock index futures were slightly higher Friday morning.

Intensifying trade conflicts have sent global growth momentum tumbling toward lows last seen during the financial crisis, and governments are not doing enough to prevent long-term damage, the OECD said in its latest outlook.

The Federal Reserve looks poised to cut interest rates for a second time Wednesday to help extend the economic expansion in the face of global weakness, President Donald Trump’s trade war with China and geopolitical risks such as the attacks on Saudi Arabia’s oil facilities.

U.S. stocks were set to open slightly lower Tuesday morning.

U.S. stock futures dropped Monday morning amid fears that a surge in oil prices following an attack in Saudi Arabia could slow down global economic growth.

U.S. stock index futures were slightly higher Friday morning, putting the Dow Jones Industrial Average and S&P on the brink of registering all-time record highs.