US pre-open: oil and yields keep pressure on futures, gold slips, GAIN backs Detroit Defense-Athenix merger

S&P futures are slightly lower, Nasdaq futures are slightly higher, the ten-year yield is 5.21, dollar-yen is 157.219, and WTI crude is 94.9 before the cash open.

Latest brief

WTI crude +2.6945%US-Iran supply risk and higher inflation pressure

US 10-year yield +0.5208%rate-hike expectations and firmer inflation tone

Gold -3.3324%higher yields and stronger oil

VIX +7.9354%risk premium from geopolitics and weaker equity tone

Lead: Oil and yields are still steering the tape into the US open, with WTI at 94.9, Brent at 99.68, and the ten-year yield at 5.21. Session narrative: S&P futures are down 0.3716% and Nasdaq futures are down 0.6191%, while the dollar index is firmer at 101.16. Gold is off 3.3324% at 4177.2. Cross-asset check: VIX is 16.05, up 7.9354%, and dollar-yen is 157.219. Themes & continuing stories: US-Iran supply risk, inflation pressure, and higher-for-longer rate bets remain the dominant backdrop. What’s ahead: traders now look for whether the open confirms the cautious futures tone and whether oil headlines stay in control.

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%.

US pre-open: oil and yields keep pressure on futures, gold slips, GAIN backs Detroit Defense-Athenix merger

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