EU Midday: Oil and yields keep pressure on futures, BoE tone turns hawkish
Oil is the main driver, with WTI crude at 96.45 and Brent at 101.11. The ten-year yield is at 5.18, S&P futures are down 0.567% and Nasdaq futures are down 1.0578% as traders balance Middle East risk, higher rates and a firmer dollar.
Nasdaq futures down 1.0578%Higher oil and yields are pressuring growth stocks
S&P 500 futures down 0.567%Risk appetite is softer as energy and rate fears persist
WTI crude up 4.3718%Middle East supply concerns and stalled talks
US 10-year yield up 0.4262%Yields stay elevated alongside stronger inflation pressure
Lead: Oil and yields are the session’s main drivers. Session narrative: WTI crude is at 96.45, Brent at 101.11, and the ten-year yield is at 5.18. S&P futures are down 0.567% and Nasdaq futures are down 1.0578%, while the VIX is 16.4. Cross-asset check: the dollar index is 101.15, euro-dollar is 1.1375, and dollar-yen is 157.099. Gold is at 4187.6 and silver is at 61.7. Themes & continuing stories: Middle East supply risk, elevated yields and BoE hawkishness are driving sentiment. What’s ahead: watch the US open, crude headlines and any follow-through in rate-sensitive assets.