Nasdaq Futures Rebound & Oil Retreats - Asia Market Wrap
US equity futures rebounded from last week's tech selloff as investors awaited key earnings that could determine the direction of the AI trade. Nasdaq 100 futures rose 1.3%, while S&P 500 futures gained 0.8% following Friday's losses, which saw a closely watched semiconductor index record its longest losing streak since 2008. Asian stocks pared earlier declines, with MSCI's Asia Pacific Index falling 0.2%, while volatility recorded its biggest jump since June. European stock futures weakened amid widespread protests in France, with French 10-year bond futures also declining. US Treasuries advanced on haven demand as investors remained cautious over AI valuations and broader market risks. The Euro weakened against most G10 currencies, while Bitcoin climbed more than 2% to trade above $82,000. Brent crude fell 1.8% to $107.90 a barrel, retreating from a five-month high as traders weighed renewed Middle East tensions against signs that regional oil supply remained near pre-war levels.
US equity futures rebounded from last week's tech selloff as investors awaited key earnings that could determine the direction of the AI trade. Nasdaq 100 futures rose 1.3%, while S&P 500 futures gained 0.8% following Friday's losses, which saw a closely watched semiconductor index record its longest losing streak since 2008. Asian stocks pared earlier declines, with MSCI's Asia Pacific Index falling 0.2%, while volatility recorded its biggest jump since June. European stock futures weakened amid widespread protests in France, with French 10-year bond futures also declining.
US Treasuries advanced on haven demand as investors remained cautious over AI valuations and broader market risks. The Euro weakened against most G10 currencies, while Bitcoin climbed more than 2% to trade above $82,000. Brent crude fell 1.8% to $107.90 a barrel, retreating from a five-month high as traders weighed renewed Middle East tensions against signs that regional oil supply remained near pre-war levels.