US Stock Futures Rise After Crude Oil Declines: Markets Wrap
(Bloomberg) — US equity-index futures advanced after crude oil declined, erasing an earlier gain triggered by Houthi attacks on Saudi Arabia.
Futures for the S&P 500 Index climbed 0.3% and those for the Nasdaq 100 Index added 0.5%. Asian shares were mixed with losses in South Korea — where traders returned after a long weekend — and gains in Australia. Japanese markets are closed for a holiday.
Brent fell 1.2% to $103.40 a barrel, having earlier risen above $105.50. Traders were also weighing President Donald Trump’s claim of an “energy ceasefire” between Russia and Ukraine, even as hostilities escalated across the Middle East.
The attacks over the weekend had threatened to inject fresh volatility into markets, with inflation data due in the US and Europe and a host of central bank officials scheduled to speak. Further disruption to energy supplies may add to price pressures and bolster expectations for higher interest rates.
“In quieter conditions, geopolitical headlines can often have an outsized impact,” Nick Twidale, chief market analyst at AT Global Markets in Sydney, wrote in a note to clients. But with the US inflation reading due and the start of another earnings season this week, “there will be plenty for markets to digest,” he wrote.
In other corners of the market, gold rose for a third consecutive session to top $4,200 an ounce.
Treasury futures erased an early drop and edged higher after oil declined. With Japan and the US out, there will be no cash trading in Treasuries.
In geopolitical news, Trump said the truce was effective immediately. He made a similar claim last month, but Ukrainian President Volodymyr Zelenskyy said no deal had been finalized.
Earlier on Monday, oil prices rose after strikes on Saudi Arabia’s main airport and fresh tanker attacks around the Strait of Hormuz raised the risk of a dangerous escalation that could draw in the US.
Traders are also looking to the latest US consumer-price data due this week and a scheduled appearance by Federal Reserve Chair Kevin Warsh for clues on the pace of further rate increases. A stronger-than-expected September inflation reading may rekindle the recent bond selloff by putting pressure on the Fed to tighten policy more aggressively.
The 10-year Treasury yield approached 5.4% last week, its highest since 2002.
Equities have largely weathered the turmoil. The S&P 500 hit a record Tuesday before retreating over the next two sessions on concerns about AI demand, then rebounded Friday as investors turned toward another strong earnings season. The gauge remains within striking distance of its peak.
Investors are mulling how high bond yields are starting to do some of the heavy lifting for central banks around the world by pushing up borrowing costs themselves.
“For now, rising interest rates are not seen as overwhelming the growth and earnings story,” said Rebecca Patterson, senior fellow at the Council on Foreign Relations and former Bridgewater Associates LP chief investment strategist. “We can have equities and bond yields rise together. But if interest rates continue to rise, in part as central banks tighten, the risks grow that rates start to dominate and weigh on equity sentiment.”
Corporate News:
Amazon.com Inc. is in negotiations to acquire Decart AI, an artificial intelligence startup, in a deal that could be valued at around $7 billion, the Wall Street Journal reported. Anthropic PBC said its Claude AI model carried out additional unintended actions on the digital systems of outside organizations, including submitting a false tip in a police homicide case. Some of the main moves in markets:
Stocks
S&P 500 futures rose 0.3% as of 9:33 a.m. Tokyo time Australia’s S&P/ASX 200 rose 0.4% Euro Stoxx 50 futures rose 0.4% Currencies
The Bloomberg Dollar Spot Index was little changed The euro rose 0.1% to $1.1212 The Japanese yen was little changed at 158.18 per dollar The offshore yuan was little changed at 6.6926 per dollar The Australian dollar was little changed at $0.6988 Cryptocurrencies
Bitcoin rose 0.3% to $83,812.2 Ether rose 0.2% to $2,540.48 Bonds
Australia’s 10-year yield was little changed at 5.34% Commodities
West Texas Intermediate crude fell 1.4% to $90.54 a barrel Spot gold rose 0.3% to $4,205.41 an ounce This story was produced with the assistance of Bloomberg Automation.
–With assistance from Matthew Burgess and Ruth Carson.
©2026 Bloomberg L.P.
