Morning brief

European open lower ▼ (Down)

• 🇫🇷

  CAC 40

  ^FCHI

  7,974

  ▲ 0.05%

  Up
• 🇪🇺

  Euro Stoxx 50

  ^STOXX50E

  6,177

  ▼ 0.49%

  Down

US futures lower ▼ (Down)

• 🇺🇸

  Nasdaq 100

  NQ=F

  28,923

  ▼ 2.16%

  Down
• 🇺🇸

  S&P 500

  ES=F

  7,678

  ▼ 0.99%

  Down

• 📌

  Risk appetite is weak. US index futures are lower, the Nasdaq 100 futures are down 2.16%, and European indices are mixed, with the Euro Stoxx 50 down 0.49% and the CAC 40 up 0.05%.

• 📌

  Asia was split overnight. Japan's Nikkei 225 fell 2.12% to 63,290.11, while Hong Kong's Hang Seng rose 0.94%.

• 📌

  The US 10-year Treasury yield eased to 4.99%, down 1.11%. Brent crude rose 1.94% to 112.95, on track for a fourth monthly gain on Hormuz tanker attack worries.

  Source: news.google.com

• 📍

  Chevron reports before the US open, with a consensus EPS estimate of about 4.93. Watch oil-price sensitivity in the outlook, given Brent's rise.

  • $CVX
• 📌

  Watch the tech sell-off. The Nasdaq closed sharply lower as Alphabet slid, and Amazon and Intel also fell after earnings. Traders will look for signs of whether AI spending worries spread.

  • $GOOGL
  • $AMZN
  • $INTC

  Source: marketwatch.com