Europe midday: futures extend gains, oil slides, VIX sinks, euro firmer
S&P futures are up 0.8527%, Nasdaq futures are up 1.1109%, the US 10-year yield is 5.01, USD/JPY is 155.632, and WTI crude is 100.68 after a 1.7085% drop.
Nasdaq futures +1.1109%Risk-on US setup
S&P 500 futures +0.8527%US equity futures firmer
WTI crude -1.7085%Oil remains under pressure
VIX -9.4297%Volatility drops
Lead: European cash equities are softer, but US futures are firmer, with S&P futures up 0.8527% and Nasdaq futures up 1.1109%. The ten-year yield is 5.01, USD/JPY is 155.632, and WTI crude is 100.68 after a 1.7085% drop.
Session narrative: The split screen continues: SPY is down 0.4449%, DIA is down 1.1491%, and IWM is down 0.4313%, while the futures complex points higher. VIX is 16.04, down 9.4297% on the day, keeping risk sentiment supported.
Cross-asset check: DXY is 100.16, EUR/USD is 1.1481, GBP/USD is 1.3403. Brent is 99.2, gold is 4353, and copper is 6.58.
Themes & continuing stories: Eurozone CPI final prints landed at core 2.4%, CPI YoY 3.2%, and CPI MoM 0.4%. Middle East war headlines, oil volatility, and the 5.01 ten-year yield remain the key macro anchors.
What’s ahead: Watch whether US futures keep the lead into the cash open and whether oil extends lower or stabilizes.