Asia closes mixed as oil eases, yields stay high and Europe opens softer
S&P futures are up 0.5897% and Nasdaq futures are up 1.3885%, while the S&P 500 ETF is down 0.1007% and the Nasdaq 100 ETF is up 0.3998%. The US 10-year yield is at 5.29, WTI crude is at 89.6, and dollar-yen is at 158.283.
Nasdaq futures +1.3885%Tech strength helped by firmer US futures tone.
S&P 500 futures +0.5897%Broad futures bid, but gains eased in the last hour.
Dow ETF -0.8591%Industrial and value shares lagged on the session.
WTI crude -0.9069%Oil eased on increased Middle East flows.
Lead: Asia ended mixed, with futures firmer but cash equities uneven as the US 10-year yield stayed at 5.29 and WTI crude eased to 89.6.
Session narrative: S&P futures and Nasdaq futures held gains into the Europe handoff, while the S&P 500 ETF slipped 0.1007% and the Nasdaq 100 ETF rose 0.3998%. The VIX is up 1.8703%, showing some caution beneath the surface. Oil drifted lower on improved Middle East flows, helping sentiment, but yields remain the bigger macro driver.
Cross-asset check: Dollar-yen is at 158.283, the US Dollar Index is 101.61, gold is 4218.5, and natural gas is down 1.7515%.
Themes & continuing stories: Rates pressure, oil and geopolitics, and FX stay central. European stocks are set for a lower open as elevated bond yields weigh.
What’s ahead: Europe manufacturing and unemployment data land Thursday, and OPEC+ is expected to leave November output quotas unchanged this weekend.