Asia wraps softer as yields, oil and RBA hawkishness keep pressure on risk
S&P futures are up 0.1649% and Nasdaq futures are down 0.0351%, while the S&P 500 ETF is down 0.145% and the Nasdaq 100 ETF is up 0.3191%. The US 10-year yield is at 5.26, WTI crude is at 89.42, and dollar-yen is at 156.988.
S&P 500 futures +0.1649%Yields and oil keep risk sentiment mixed
Nasdaq futures -0.0351%Tech stays choppy as rates remain high
US 10-year yield +0.2863%Bonds remain under pressure on inflation and fiscal concerns
WTI crude +0.0448%Oil stays elevated on Middle East supply risks
Lead: Asia closed softer as yields, oil and hawkish central-bank signals kept pressure on risk, even with Europe set for a firmer open.
Session narrative: Australia’s August CPI at 4% and trimmed mean at 3.6% reinforced a cautious RBA backdrop. The US 10-year yield held at 5.26, long-duration Treasuries stayed weak, and WTI crude remained at 89.42.
Cross-asset check: S&P futures are up 0.1649%, Nasdaq futures are down 0.0351%, the dollar index is at 101.25, and USD/JPY is 156.988.
Themes & continuing stories: Rates, oil and FX are still driving the tape. Gold is at 4213.9, silver at 61.48 and copper at 6.64, while Europe equity futures point higher.
What’s ahead: Europe inflation data, UK GDP and German unemployment figures are next, with US inflation still the main macro watch.