Asia mixed into Europe open as futures firm, yields hold 5, and oil stays soft
Asia closes mixed into Europe open. S&P futures are firmer, the ten-year yield is at 5.01, WTI crude is 101.03 after a 1.3668% drop, and VIX is 17.71. The dollar index is 100.19 and USD/JPY is 155.559 as higher yields, softer oil, and a firmer gold price keep macro trading active.
S&P 500 futures +0.5608%Firmer into Europe open after the Fed hike
Nasdaq futures +0.5281%Higher with the broader futures bid
US 10-year yield 5.01Held at 5 as rates stay central
WTI crude -1.3668%Weaker alongside softer oil tone
Lead: Asia closes mixed into Europe open. S&P futures are firmer, the ten-year yield is at 5.01, WTI crude is 101.03, and VIX is 17.71.
Session narrative: The futures bid is holding after the Fed’s 25 bp hike to 3.75%-4.00%. The S&P 500 ETF is down 0.4449%, but S&P futures are up 0.5608% and Nasdaq futures 0.5281%. The Dow ETF is down 1.1491%.
Cross-asset check: DXY is 100.19, USD/JPY is 155.559, gold is 4345.7, and Brent is 104.4. Rates and energy remain the main macro drivers.
Themes & continuing stories: NZX 50 closed 1.0% higher after Q2 GDP grew 2.6% year-on-year. The Fed, oil, and geopolitical risk stay central.
What’s ahead: Europe opens higher, the BoE decision is due, and the BoJ decision remains in view.