US futures are now down near the lows for the day, with S&P 500 futures falling by 0.4% ahead of US trading. This comes as Treasury yields are keeping steadier, with 10-year yields up 1.7 bps to 3.989% on the day. The drop comes as the big banks are releasing earnings, adding to the post-CPI push and pull play out across markets.
S&P 500 futures
All of this is keeping the dollar a touch firmer as well now with EUR/USD down 0.2% to 1.0948 and GBP/USD down 0.2% as well to 1.2730 on the day. USD/JPY did push lower to 144.90 earlier in the session but is now back to flat levels around 145.23 currently.
The dollar’s advance is not a uniform one though, as gold is up to session highs at around $2,045 – up 0.8% on the day – and looking to push past key near-term resistance as highlighted here. Meanwhile, tensions in the Middle East continue to fuel the rally in oil with WTI crude up over 4% to near $75 at the moment.