Multi-Asset Morning Pack – 24 April 2026
06:00 UK | Asia-led handover | Macro / Equities / Rates / Commodities / Headlines
Overnight Narrative
Equities are stabilising despite oil remaining elevated. Brent is holding above $105 and WTI near $96 as Iran/Hormuz risk continues to dominate the macro backdrop. US cash closed lower, but futures are calmer into the European handover, with Nasdaq futures positive. Rates remain firm but orderly, while Asia is mixed rather than outright risk-off.
Asia Equities
| Nikkei 225 | 59,628.01 | +0.82% |
| Shanghai Comp | 4,075.64 | -0.43% |
| Shenzhen Comp | 14,859.33 | -1.22% |
| Hang Seng | 25,923.35 | +0.03% |
| ASX 200 | 8,776.90 | -0.19% |
| KOSPI | 6,464.37 | -0.18% |
| Straits Times | 4,917.45 | -0.54% |
US Close
| Dow Jones | 49,310.32 | -0.36% |
| Nasdaq Comp | 24,438.50 | -0.89% |
| S&P 500 | 7,108.40 | -0.41% |
| Russell 2000 | 2,775.10 | -0.37% |
| VIX | 19.31 | +2.06% |
US Futures
| Dow Fut | 49,361.0 | -0.26% |
| S&P Fut | 7,140.5 | -0.04% |
| Nasdaq Fut | 27,037.0 | +0.38% |
| Russell 2K Fut | 2,774.2 | -0.43% |
Rates
| US 2Y | 3.842% |
| US 5Y | 3.964% |
| US 7Y | 4.14% |
| US 10Y | 4.331% |
| US 30Y | 4.919% |
Commodities
| WTI Jun'26 | 96.07 | +0.23% |
| Brent Jun'26 | 105.63 | +0.53% |
| Nat Gas | 2.57 | -1.68% |
| RBOB Gas | 3.4603 | -0.05% |
| ULSD Heating Oil | 4.0074 | +0.48% |
Top Overnight Headlines
- Shares jittery, oil advances on US-Iran deadlock
- Oil rises on concerns over escalating military tensions in the Middle East
- US stocks close lower as hopes fade for quick Iran deal
- Japan to release additional oil reserves as Iran supply risk bites
- Microsoft plans first-ever voluntary employee buyout
- Intel gives strong AI-fuelled outlook, sending shares higher
- Gold falls on oil-driven inflation fears; US-Iran developments in focus
- Sarah Breeden warns on financial stability risks and stretched markets
Desk Take
- Oil remains the key macro transmission channel.
- Markets are absorbing elevated energy prices without full risk-off.
- US yields are firm but orderly; no bond-market stress signal yet.
- Nasdaq futures stabilisation suggests selective risk appetite remains.
Today’s Calendar
| 09:00 | Germany Ifo Business Climate |
| 09:00 | Germany Ifo Current Assessment |
| 09:00 | Germany Ifo Expectations |
| 13:30 | US Durable Goods Orders |
| 15:00 | University of Michigan Consumer Sentiment (Final) |
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