September S&P 500 E-Mini futures (ESU26) are up +0.57% this morning, finding some relief as oil prices and bond yields retreated, with attention now turning to key U.S. inflation data for fresh clues on the Federal Reserve’s policy path.
Oil prices fell on Friday after the International Energy Agency warned of a worsening outlook for demand this year. Brent crude slipped toward $104 a barrel, while WTI crude dropped below $100 a barrel. Still, both benchmarks were on track for sharp weekly gains as the Middle East conflict showed few signs of easing. In the latest developments, The Wall Street Journal reported that Iran-backed Houthi militants captured the port city of Mokha on Yemen’s west coast on Thursday, strengthening their position near the strategic Bab al-Mandeb Strait.
