Europe midday: Eurozone inflation tops forecast as yields, oil and dollar stay in focus

Eurozone CPI flash came in at 3.8% year on year and 0.6% month on month, both above forecast, while core CPI matched 2.5%. S&P futures are up 0.4111% and Nasdaq futures are up 0.703%, but the ten-year yield is 5.24, WTI crude is 89.53, and the dollar index is 101.99.

Latest brief

Nasdaq futures +0.703%Risk assets are firmer ahead of the US jobs report

S&P 500 futures +0.4111%CPI and rates remain the main macro drivers

US 10-year yield 5.24Yield remains elevated despite a day decline

WTI crude 89.53Energy has eased after the recent spike

Lead: Eurozone CPI flash came in above forecast at 3.8% year on year and 0.6% month on month, with core at 2.5%. Risk is firmer but cautious. Session narrative: S&P futures are up 0.4111% and Nasdaq futures are up 0.703%. Cash proxies are mixed, the VIX is 16.06, and the ten-year yield is 5.24. WTI crude is 89.53 and Brent is 100.01 after the latest energy headlines. Cross-asset check: The dollar index is 101.99, EUR/USD is 1.1237 and dollar-yen is 157.577. Gold is 4203.4 and silver is 61.29. Themes & continuing stories: Eurozone inflation keeps ECB pricing in play. Energy remains a live story as Europe weighs reserve releases and Russia signals possible export changes. Higher yields and a firm dollar still frame the US setup. What’s ahead: The September jobs report is the next key catalyst. Payrolls are projected at 90,000, with unemployment seen at 4.1%.

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: Eurozone inflation tops forecast as yields, oil and dollar stay in focus

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