Europe midday: oil drops again, Europe firms, US futures hold green

S&P futures are up 0.1022% on the hour, Nasdaq futures are up 0.1227%, the US 10-year yield is 4.96, USD/JPY is 157.001, and WTI crude is 89.83 after a 2.7498% drop.

Latest brief

WTI crude -2.7498%Iran Hormuz diplomacy hopes and broader oil selling

Brent crude -2.2324%Iran Hormuz diplomacy hopes and broader oil selling

Nasdaq 100 ETF +2.6838%tech-led risk tone and stronger US futures

S&P 500 ETF +1.5218%risk tone holds into the US setup

Lead: Europe is firmer at midday, with cash equities green and US futures holding gains as crude extends its slide. Session narrative: The STOXX 50 is up 0.4% and the STOXX 600 is up 0.3%. WTI is down 2.7498% and Brent is down 2.2324% after fresh headlines that Iran could reopen the Strait of Hormuz within seven days if Washington eases pressure. The euro is near a two-month low and sterling is weak, while the dollar stays supported by expectations of further Fed hikes. Cross-asset check: S&P futures are up 0.1022%, Nasdaq futures are up 0.1227%, the ten-year yield is 4.96, USD/JPY is 157.001, and VIX is 14.85. Themes & continuing stories: Iran-Hormuz diplomacy, ECB warnings on higher energy-driven inflation, and a firm dollar remain the main cross-asset themes. What’s ahead: Traders now watch Trump’s UNGA remarks, possible diplomacy around Iran, and later US data and Fed commentary for the next move.

Brief archive

Oct 09, 08:26 PM
Daily Wrap

Stocks gain into the close as VIX fades, yields hold high and oil stays firm

US equities finished higher on the session, with S&P 500 ETF up 0.6099% and Nasdaq 100 ETF up 0.5043%, while the VIX fell 3.8287%. The ten-year yield ended at 5.24 and the dollar index at 102.22. Gold rose 1.5155%, silver gained 2.6858% and copper added 2.1162%.

Europe midday: oil drops again, Europe firms, US futures hold green

Brief archive

Stocks gain into the close as VIX fades, yields hold high and oil stays firm

US midday: stocks firm, oil eases, but rates and geopolitics keep the tape tense

US pre-open: futures firm as yields stay high and gold leads the tape

Europe midday: futures firm, yields ease, oil slips on physical tanker strain

Asia close steadies as yields ease, oil slips and Europe opens firmer

Stocks mixed into the close as yields ease, oil jumps and the dollar slips

Midday: S&P futures softer as oil spikes, yields stay high and risk wobbles

US pre-open: futures softer as oil and yields stay elevated, Bailey flags fragile markets

Europe midday: equities softer, oil jumps, yields stay elevated as Fed minutes loom

Asia Wrap: Rupiah Lingers Near IDR 17,900 as Dollar Stays Strong

Stocks fade at the close as yields stay high, dollar firms and gold slips

Midday: stocks slip as yields, dollar and oil keep pressure on risk

US pre-open: futures ease as the ten-year yield, dollar and oil stay elevated

Europe midday: equities mixed, oil firm, yields elevated ahead of Fed minutes

Asia mixed into Europe open as oil extends gains and yields ease

US equities hold firm into the close while Russell lags, yields ease and energy stays bid

Midday: S&P futures hold gains as yields, dollar and oil stay in focus

Pre-open: futures firmer as yields ease and oil stays heavy