Europe midday: hotter CPI, high yields, and firm energy keep risk cautious

Spain’s September flash CPI is 4.9% y/y and core is 3.1%, while the US 10-year yield is 5.26 and WTI crude is 90.51. S&P futures are up 0.0744% and Nasdaq futures are down 0.0408%, but cash equities are softer and the dollar remains firm.

Latest brief

US 10-year yield 5.26Inflation pressure and a higher-rate backdrop

WTI crude 90.51Energy shock keeps oil bid

S&P 500 futures 7737.75Futures steady but cautious

Nasdaq futures 30600.75Higher yields weigh on growth stocks

Lead: Hotter euro zone inflation and firm energy keep the session defensive. Spain’s September flash CPI is 4.9% y/y and core is 3.1%, while the US 10-year yield holds at 5.26 and WTI is 90.51. Session narrative: S&P futures are up 0.0744% and Nasdaq futures are down 0.0408%, but cash equities are softer and the VIX is near 16.03. France and Italy also printed firmer CPI readings, reinforcing ECB pressure. Cross-asset check: The dollar index is 101.2, euro-dollar is 1.136, dollar-yen is 156.943, and Brent is 97.5. Higher yields and oil are the main macro drag. Themes & continuing stories: ECB tightening pressure, the energy shock, and bond-market strain remain the main narratives. What’s ahead: US core PCE inflation data later today is the key session catalyst for rates, FX, and equity futures.

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%.

Europe midday: hotter CPI, high yields, and firm energy keep risk 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