Asia mixed into Europe open as oil extends gains and yields ease
S&P futures are up 0.0064% and Nasdaq futures are down 0.0651%. The S&P 500 ETF is up 0.5536%, the Nasdaq 100 ETF is up 0.5304%, the US 10-year yield is at 5.27, WTI crude is at 90.27 and dollar-yen is at 158.325.
Russell 2000 ETF -0.7234%Small caps lagged as large-cap equity ETFs held gains.
VIX -3.2861%Volatility eased alongside firmer equity benchmarks.
WTI crude +0.928%Oil extended gains on supply-risk headlines and broader energy strength.
US 10-year yield 5.27Yields stayed elevated despite the equity bid.
Lead: Asia closed mixed into Europe open, with large-cap ETFs firmer and the Russell 2000 ETF weaker. Session narrative: S&P futures are up 0.0064% and Nasdaq futures are down 0.0651% after the cash session showed the S&P 500 ETF up 0.5536%, the Nasdaq 100 ETF up 0.5304% and the Dow ETF up 0.4931%. Cross-asset check: the ten-year yield is at 5.27, the VIX is down 3.2861%, WTI crude is at 90.27 and Brent crude is at 101.55. Dollar-yen is at 158.325 and the US Dollar Index is up 0.27%. Themes & continuing stories: oil risk, tight rates and a firm dollar remain the main macro inputs. What’s ahead: Europe opens with traders watching whether energy strength and yields keep pressure on small caps and support the dollar.