Asia wraps softer as yields stay high, oil eases, and Europe opens firmer
S&P futures are up 0.1352% and Nasdaq futures are up 0.4201%, while the US 10-year yield is at 5.16 and WTI crude is at 92.95. The VIX is at 15.67 and dollar-yen is at 158.08.
Nasdaq futures +0.4201%Risk tone improves as bond pressure eases a bit
S&P 500 futures +0.1352%Europe open is firmer and oil has eased
US 10-year yield 5.16Rates stay elevated and keep duration under strain
WTI crude 92.95Oil remains high despite a day decline
Lead: Asia closed softer, but S&P futures and Nasdaq futures are firmer into the Europe open. The US 10-year yield stays at 5.16, while WTI crude is at 92.95 and Brent at 105.57.
Session narrative: Cash equities in Asia were mixed to weaker, with the Dow ETF and Russell 2000 ETF under pressure. Futures held modest gains, helping sentiment into Europe. The VIX is at 15.67, so volatility remains elevated but contained.
Cross-asset check: The dollar index is at 101.14 and dollar-yen is at 158.08, keeping FX tied to rate gaps. Gold at 4312.7 and silver at 64.24 are firmer, while copper and natural gas are lower.
Themes & continuing stories: High yields, firm crude, and Middle East risk are still driving the tape. The bond move has eased a bit, but duration remains sensitive.
What’s ahead: Europe opens with futures higher, then traders watch China PMI data and next week’s US PCE Index and jobs data for the next rate cue.