EU Midday: Futures firmer, yields high, oil eases as ArcelorMittal takes a $1 billion Ukraine hit
S&P futures are up 0.28% and Nasdaq futures are up 0.533% in a cautious European cash session. The ten-year yield is at 5.16, the VIX is 15.32, WTI crude is 92.91 and Brent is 98.83 as traders track Middle East diplomacy and Ukraine risk.
Nasdaq futures +0.533%Risk tone is firmer in US index futures
S&P 500 futures +0.28%European cash trade opens with a cautious bid
US 10-year yield +0.9386%Yields remain elevated at 5.16
ArcelorMittal n/aThe company said Ukraine operations cannot safely restart and flagged about a $1 billion impairment
Lead: S&P futures are up 0.28% and Nasdaq futures are up 0.533% in a mixed EU midday tape.
Session narrative: The ten-year yield is at 5.16, keeping duration pressure alive. The VIX is 15.32, dollar-yen is 157.756, and EUR/USD is 1.1401. Brent crude is 98.83 and WTI is 92.91, while gold is 4343.8 and silver is 65.3.
Cross-asset check: Equities are firmer in futures even as cash ETFs are slightly lower. The dollar is softer, bonds are under pressure, and energy is easing.
Themes & continuing stories: ArcelorMittal said it cannot safely restart Ukraine operations and expects about a $1 billion impairment. European gas prices are headed for more than a 5% weekly loss, but storage concerns remain in focus.
What’s ahead: The US advance report on durable goods and a New York Fed speech later today are the main scheduled catalysts in the context.