Asia Wrap: Futures higher as oil falls, geopolitics and Fed watch dominate
S&P futures and Nasdaq futures are firmer, oil is lower, and the ten-year yield is at 5 as traders balance Iran risk, US-China summit headlines, and Fed remarks.
S&P 500 futures +0.4441%Higher risk appetite as oil falls and Europe is set for a firmer open
Nasdaq futures +0.656%US-China talk optimism and broader futures bid
WTI crude -2.2169%Diplomatic hopes around the Middle East conflict
US 10-year yield +1.0309%Fed tightening expectations and longer-dated debt pressure
Lead: Asia closed with futures firmer and oil lower, while Europe is set for a higher open. Session narrative: S&P futures are up 0.4441% and Nasdaq futures 0.656%, with WTI crude down 2.2169% and Brent down 1.8733%. The ten-year yield is at 5, and the dollar index is 100.35. Cross-asset check: VIX is 14.81, gold is down 0.8475%, and USD/JPY is 157.015. Themes & continuing stories: Iran remains the key geopolitical risk, US-China talks are supporting sentiment ahead of the summit, and higher rates keep pressure on longer-duration assets. What’s ahead: traders will watch more Fed remarks and the summit headlines for the next directional cue.