Welcome to Markets Desk, your midday read on what's moving.
The dollar is finding its footing today, with the dollar index up about a tenth of a percent and hovering just below last week's highs. The driver is a one percent rally in crude oil, which is lifting inflation expectations and reinforcing the case for tighter Fed policy, pushing ten-year Treasury yields higher in the process.
Shifting to commodities, cocoa is under pressure after signs of adequate global supplies weighed on sentiment. December contracts in both New York and London settled down roughly one and a half to one point six percent on the session, with reports out of the Ivory Coast, the world's largest cocoa producer, pointing to cumulative shipment data that eased near-term supply concerns.
And in equity markets, traders are eyeing Bloom Energy ahead of its addition to the S and P five hundred, scheduled to take effect before the open on Monday, September twenty-first. Index inclusion events like this typically trigger forced buying from passive funds, so the window between now and that effective date is drawing attention from positioning desks looking to get ahead of that mechanical demand.
That's the tape. Markets Desk, signing off the floor.
