US Pre-OpenSep 25, 01:00 PM
US pre-open: futures mixed, yield higher, oil softer on Iran talk, ArcelorMittal hit and Nike downgrade
S&P futures are slightly lower, Nasdaq futures are slightly higher, the ten-year yield is 5.18, dollar-yen is 157.639, and WTI crude is 92.51 before the cash open.
S&P 500 futures -0.2736%Mixed pre-open risk tone and firmer rates
Nasdaq futures +0.4599%Growth shares holding a slight bid
US 10-year yield +0.4262%Yields remain elevated pre-open
WTI crude -2.2196%Reports of a possible phased US-Iran agreement
Lead: US pre-open is mixed, with S&P futures slightly lower and Nasdaq futures slightly higher. Session narrative: the ten-year yield is 5.18, keeping rates in focus, while WTI crude is softer at 92.51 after reports of a possible phased agreement in US-Iran talks. Cross-asset check: gold is higher, the dollar index is near 101, and dollar-yen is 157.639. Themes & continuing stories: ArcelorMittal says it cannot safely restart its Ukraine subsidiary and expects about a $1 billion impairment after missile strikes. Nike is also in focus after a downgrade and a price target cut. What’s ahead: watch the cash open for follow-through in equities, rates, and energy.