EU Midday: Spain CPI jump and high yields keep futures cautious

Spain’s September flash CPI came in at 4.9% y/y and core at 3.1%, while the US 10-year yield holds at 5.24. S&P futures are up 0.0129% and Nasdaq futures are up 0.1439%, but cash equities remain softer and the dollar stays firm.

Latest brief

Nasdaq 100 ETF -1.0733%Cash tech under pressure despite firmer futures

S&P 500 ETF -0.7804%Risk appetite remains cautious

US 10-year yield 5.24Higher rates stay in focus after Spain CPI

US Dollar Index 101.4Dollar stays firm against major peers

Lead: Spain CPI surprised higher at 4.9% y/y, core 3.1%, while the ten-year yield sits at 5.24 and futures stay only modestly positive. Session narrative: Cash equities are softer, with the Nasdaq 100 ETF down 1.0733% and the S&P 500 ETF down 0.7804%. Futures have steadied, but the tape is still tied to rates, energy and the dollar. Cross-asset check: The US Dollar Index is 101.4, dollar-yen is 157.423, WTI crude is 92.2 and Brent is 97.44. Gold is higher at 4181.4. Themes & continuing stories: Inflation pressure, higher-for-longer yields, and a firm dollar remain the core market drivers. Spain CPI adds to the bond-market focus, while oil keeps energy risk alive. What’s ahead: Watch the US cash open, rate-sensitive sectors and any follow-through in crude or bond yields.

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%.

EU Midday: Spain CPI jump and high yields keep futures cautious

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