Stock Futures, Bonds Slide as Brent Nears $100 — SkimNews
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- U.S. stock futures slipped and Treasurys weakened in early European trade as Brent crude neared $100, with higher oil prices dragging sentiment before investors returned from the Labor Day weekend.
- The yen neared its strongest level against the dollar of 2026, hitting a fresh six-month high against the greenback in Asian trade Tuesday and surpassing levels seen after coordinated U.S.-Japan market intervention in July.
- The dollar fell to a two-week low against a basket of global currencies, extending a recent slide that has fueled the yen's rally.
- Bank of Japan rate expectations helped propel the yen's surge, with traders pricing in tighter policy as the greenback weakened.
- The move comes amid broader market stress: the VIX jumped 7.85% to 15.67, and crude oil futures rose 2.49% to $93.76 as geopolitical risk premiums climbed.
Why it matters: Brent crude approaching $100 squeezes both equity and bond markets simultaneously — investors returning from Labor Day were greeted by a softer dollar (-to two-week low) and surging yen, signaling that energy costs and BOJ tightening are now moving in the same bearish direction for U.S. risk assets. The VIX's 7.85% jump underscores that the post-holiday mood is risk-off.
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