US equity futures rose after crude oil fell, offsetting earlier gains sparked by Houthi attacks on Saudi Arabia. S&P 500 futures climbed 0.3% and Nasdaq 100 rose 0.5%. Asian markets were mixed, with South Korea losing ground after a long weekend and Australia gaining; Japanese markets were closed for a holiday.
Brent crude slipped 1.2% to $103.40, after earlier topping $105.50. Traders are also parsing President Trump’s claim of an “energy ceasefire” between Russia and Ukraine amid escalating Middle East hostilities. Geopolitical risks, upcoming US inflation data, and speeches from central bankers are keeping markets on edge.
Gold rose to $4,200 an ounce, while Treasury futures recovered early losses. Traders await the latest US consumer‑price report and Federal Reserve Chair Kevin Warsh’s comments for clues on rate policy. The 10‑year Treasury yield neared 5.4%, its highest since 2002.
Equities have largely held steady, with the S&P 500 near record highs, though concerns about AI demand and earnings continue to influence sentiment. Analysts note that rising rates are not yet overwhelming growth, but further hikes could weigh on stocks.
Source: Bloomberg Markets · Summarized by HeadlinesBriefing