Asia closes mixed with yields high, oil softer and Europe opening firmer
S&P futures are up 0.1853% and Nasdaq futures are up 0.2291%. The S&P 500 ETF is up 0.6613%, the Nasdaq 100 ETF is up 0.8993%, the US 10-year yield is at 5.31, WTI crude is at 88.69 and dollar-yen is at 158.235.
S&P 500 futures +0.1853%Risk sentiment improved and Europe is set for a higher open.
Nasdaq futures +0.2291%Tech and AI strength kept index futures supported.
US 10-year yield +0.6443%Yields stayed near multi-decade highs and kept bond-market pressure in focus.
WTI crude -0.8275%Crude softened as Middle East export recovery weighed on prices.
Lead: Asia closed mixed to firmer, with Australia up 0.6% and New Zealand near flat, while Taiwan slipped on profit-taking. Europe is pointing to a higher open.
Session narrative: S&P futures are up 0.1853% and Nasdaq futures are up 0.2291%. The S&P 500 ETF and Nasdaq 100 ETF both finished higher, while the VIX is at 15.52.
Cross-asset check: The US 10-year yield is at 5.31, dollar-yen is at 158.235, and WTI crude is at 88.69. Brent is at 99.64.
Themes & continuing stories: Rates stay heavy, crude is softer, and Europe opens with political uncertainty still in view. Japan policy debate and the yen remain live.
What’s ahead: Traders now turn to FOMC minutes later this week, European data today, and the US EIA Short-Term Energy Outlook later today.