Europe midday: equities extend, VIX softens, oil and yields lower
S&P futures are up 0.1654%, Nasdaq futures are up 0.4699%, the US 10-year yield is 4.95, USD/JPY is 157.968, and WTI crude is 95.64 after a 1.6353% drop.
Nasdaq 100 ETF +1.6518%Risk tone is firmer and Nasdaq futures are higher.
S&P 500 ETF +1.1219%Equities are bid in European cash trading.
US 10-year yield -1.1786%Long-duration Treasuries are firmer.
WTI crude -1.6353%Energy is softer in the latest session.
Lead: European cash trading is firmer, with S&P futures and Nasdaq futures up, VIX lower, and long-duration Treasuries bid. Session narrative: SPY is up 1.1219%, QQQ is up 1.6518%, while DIA and IWM are also positive. TNX is down 1.1786% and TLT is up 1.1499%. Cross-asset check: USD/JPY is higher at 157.968, EUR/USD is softer at 1.1478, and the dollar index is up 0.1187%. WTI crude is down 1.6353% and Brent crude is down 1.6211%; gold and silver are higher. Themes & continuing stories: lower volatility, softer energy, and a weaker yield backdrop are supporting risk. What’s ahead: traders now watch the European close and the US setup.