Asia WrapSep 22, 06:40 AM
Asia Wrap: Futures mixed, oil higher as geopolitics and Fed comments dominate
S&P futures are steady, Nasdaq futures are slightly lower, oil is higher, and the ten-year yield is at 4.96 as traders weigh Iran risk, Trump meeting headlines, and hawkish Fed remarks.
Nasdaq futures -0.0471% daySofter tone in equity futures
WTI crude +1.4832% dayMiddle East supply risks and diplomatic headlines
US 10-year yield 4.96, -0.7003% dayFed remarks and rate expectations
Gold -0.6501% dayHawkish Fed comments and firmer dollar
Lead: Asia is ending mixed to firmer, with S&P futures steady, Nasdaq futures a touch lower, oil higher, and the ten-year yield at 4.96.
Session narrative: The focus stays on Iran risk, Trump meeting headlines, and hawkish Fed comments. The dollar index is 100.44, dollar-yen is 157.624, and gold and silver are lower as rate pressure outweighs safe-haven demand.
Cross-asset check: S&P futures are flat, Dow futures are little changed, long-duration Treasuries are firmer, and crude is leading commodities. VIX is 14.87.
Themes & continuing stories: Geopolitics is driving energy, while rate expectations are supporting the dollar and pressuring precious metals. Europe is set for a slightly higher open after Wall Street gains and an AI-led chip bid.
What’s ahead: Later today, Trump addresses the UN General Assembly, and Fed speakers John Williams and Tom Barkin are due. This week also brings potential Trump-Xi summit headlines and more trade and policy watch.