December S&P 500 E-Mini futures (ESZ25) are up +0.02%, and December Nasdaq 100 E-Mini futures (NQZ25) are down -0.01% this morning, taking a breather after recent gains, while investors look ahead to U.S. jobless claims data, which will offer fresh insight into the labor market ahead of next week’s Federal Reserve meeting.
Higher bond yields today are weighing on stock index futures. The 10-year T-note yield rose two basis points to 4.08% on negative carryover from a surge in 10-year Japanese bond yields to the highest level since July 2007 after Reuters reported that the Bank of Japan is likely to raise interest rates in December and that the Japanese government is expected to tolerate the decision.
