December S&P 500 E-Mini futures (ESZ26) are up +0.21% this morning, buoyed by lower bond yields, while investors look ahead to key U.S. inflation data for clues on the Federal Reserve’s interest-rate path.
The price of WTI crude rose over +1% on Wednesday as traders weighed rising tensions in the Middle East. Iran-backed Houthi rebels carried out missile and drone attacks across Saudi Arabia, including a strike that damaged Saudi Aramco’s headquarters. U.K. Maritime Trade Operations also reported an attack on Tuesday in which a tanker was hit by an unidentified projectile in the Strait of Hormuz.
