As flagged in Wednesday's evening review, the hot-oil path printed. Brent settled 101.21 dollars. The S&P 500 closed 7,636.46, through Tuesday's 7,666.99 cash low. Overnight Brent tagged a 101.94 dollar high and held 100. Asian stocks slid. Overnight E-mini futures sit near 7,663. Catch up: Wednesday's analysis. This is the morning scorecard, not an instruction.

The Setup: Overnight ES Near 7,663

The S&P 500's last cash print remains Wednesday's 7,636.46, down 0.48 percent (Reuters; Yahoo, CNBC and FRED 7,636.36). The Nasdaq Composite closed 26,253.34, down 0.64 percent. The Dow closed 52,381.02, down 0.77 percent. US cash has not opened. Figures below are Wednesday close plus overnight futures.

E-mini S&P 500 futures are near 7,663 as of about 08:00 UTC, labeled overnight futures (WSJ 7,666.00; Yahoo 7,662.50; Investing.com about 7,662). That is about 27 points above Wednesday's cash close. Range 7,644.00 to 7,666.25. Wednesday ES settlement was 7,643.75. Dow mini futures last printed about 52,650.

Key Takeaways: The Setup
  • S&P Wednesday close 7,636.46; overnight ES futures ~7,663
  • Nasdaq closed 26,253.34; Dow closed 52,381.02
  • ES range 7,644.00-7,666.25; Wednesday ES settlement was 7,643.75
  • Figures above are Wednesday close plus overnight futures

Story of the Day: Brent Holds $100 After a $101.94 High

The live tape is still crude. West Texas Intermediate is near 96 dollars (Investing.com about 96.29 as of 07:41 UTC; WSJ 95.77 at 02:55 Eastern; MarketWatch 95.83), a hold near Wednesday's 96.07 settlement after an overnight high at 97.79. Range today about 95.39 to 97.79. Brent tagged 101.94 dollars (Malay Mail, Business Times), then sat near 100.40 to 101.40 (Reuters 101.4; AP 100.39; CNBC TV18 101.69).

Asian cash took the inflation impulse. Hong Kong's Hang Seng fell 1.5 percent to 24,909.58. Australia's S&P/ASX 200 slipped 1.2 percent to 8,804. MSCI's Asia-Pacific gauge dropped about 0.8 to 1.0 percent. President Trump said oil prices will not come down until after the November midterms. Iran said it is ready for a more intense war. Traders watching Wednesday's 96.07 WTI settlement and overnight's 97.79 high. A slip back through Tuesday's 93.03 settlement would fade the strike premium. These are observations, not instructions.

Key Takeaways: Oil and Asia
  • WTI ~$96 after a $97.79 high; Brent tagged $101.94, then ~$100.40-$101.40
  • Range today about $95.39-$97.79; Wednesday WTI settlement was $96.07
  • Hang Seng -1.5% to 24,909.58; ASX 200 -1.2%; MSCI Asia-Pacific about -0.8% to -1%
  • Key reference: Wednesday $96.07 and overnight $97.79; a break of Tuesday $93.03 would fade the premium
Two traders watch a curved Hana Bank board showing KOSPI, KOSDAQ and dollar crosses above a bank of chart screens in Seoul, used as the ThriveInMarkets morning analysis inline image for Thursday September 10 2026, when Asian equity benchmarks slid as Brent crude held above 100 dollars after a 101.94 dollar high, overnight E-mini S&P 500 futures sat near 7,663 against Wednesday's 7,636.46 cash close, and markets waited on the ECB decision and US producer prices

ECB Hike and US PPI Land Today

Frankfurt prints first. The ECB decision is due at 12:15 UTC, with the press conference at 12:45 UTC. Futures have priced a 25-basis-point move that would take the deposit rate to 2.50 percent, the second hike since the US-Iran war began. Euro-area August inflation sits at 3.3 percent, a three-year high. That is the consensus map, not a call.

US producer prices follow at 12:30 UTC. Economists look for August headline PPI up 0.4 percent month on month after a flat July, core up 0.3 percent, and headline year on year near 5.3 percent from 4.7 percent. China already printed August PPI at 3.8 percent on Wednesday. The pass-through sits on Friday's CPI. Oracle and Adobe report after the US close, with consensus near 19.13 billion dollars and 1.74 dollars of adjusted EPS for Oracle, and 6.69 billion dollars and 6.08 dollars for Adobe.

Key Takeaways: ECB and PPI
  • 12:15 UTC: ECB, fully priced for a hike to a 2.50% deposit rate
  • 12:30 UTC: US August PPI, consensus +0.4% MoM, core +0.3%, YoY ~5.3%
  • Euro-area August inflation 3.3%; China PPI already 3.8%
  • After the close: Oracle (~$19.13B, $1.74 EPS) and Adobe (~$6.69B, $6.08 EPS)

Gold Holds $4,413 After Wednesday's Bounce

Spot gold is near 4,413 dollars (TradingView 4,412.620 as of September 10; Reuters via Moneycontrol 4,414.28 at 04:19 UTC), a hold of the 4,400 handle after Wednesday evening's 4,397. Session range 4,389.74 to 4,435.05. The metal is bidding a softer dollar even as the 10-year settled 4.84 percent on Wednesday. CME FedWatch still assigns about a 60 percent chance of a September hike. Traders watching 4,400 as the reclaimed reference. A reclaim of Wednesday's 4,434 high would repair more of last week's fade. A slide back through Tuesday evening's 4,358 would deepen it. These are technical reference points, not instructions.

Key Takeaways: Gold and Yields
  • Gold ~$4,413; TradingView $4,412.620 as of September 10
  • Range $4,389.74-$4,435.05; bounce from Wednesday evening ~$4,397
  • 10-year settled 4.84%; September hike odds still about 60%
  • Key reference: $4,400; a break of Tuesday evening $4,358 would resume the fade

Crypto: Bitcoin Slips to $78,080

Digital assets faded the Wednesday bounce. Bitcoin is near 78,080 dollars (TradingView 78,080 as of 08:00 UTC; CoinMarketCap about 78,290 at 07:04 UTC), a slip from Wednesday evening's 78,250 and Wednesday morning's 79,155. The 80,000 reclaim still has not printed. Ether is near 2,472 dollars (TradingView 2,471.7; CoinMarketCap about 2,474 to 2,477). Live levels sit on the ThriveInMarkets homepage. Bullish trigger remains a reclaim of 80,000 dollars, then last Thursday's 82,000 area. Bearish trigger: a slip through 75,000. These are reference points, not instructions.

Key Takeaways: Crypto
  • Bitcoin ~$78,080; TradingView $78,080 as of September 10
  • Fade from Wednesday evening ~$78,250 and Wednesday morning $79,155
  • Ether ~$2,472, near Wednesday evening's ~$2,468
  • BTC bullish trigger: reclaim $80,000 then $82,000; bearish: a break of $75,000

What's Next: Oracle, Adobe, Then Friday CPI

Three scenarios frame the session, not a recommendation. In a contained-oil path, WTI slips back through Wednesday's 96.07 settlement and ES leans on 7,636.46. In a hot-oil path, a hold above overnight's 97.79 WTI high, or Brent through today's 101.94 high, would add another inflation impulse into PPI and Friday CPI. In a gold-repair path, a hold of 4,400 then a reclaim of 4,434 would confirm overnight buyers. Traders watching 7,636.46 as the cash reference. Bullish trigger: a reclaim of Tuesday's 7,673.52, then Friday's 7,718.60. Bearish trigger: a slide through Wednesday's 7,624.16 low. Docket: week-ahead note. Calendar: calendar.

Key Takeaways: What's Next
  • Today: ECB hike (fully priced to 2.50%), US PPI, Oracle and Adobe after the close
  • Friday 12:30 UTC: August CPI, the print Waller tied to his September vote
  • S&P bullish trigger: reclaim 7,673.52 then 7,718.60; bearish: a slide through 7,624.16
  • Oil key reference: WTI $96.07 settlement and overnight $97.79 high

For live prices see the ThriveInMarkets homepage. None of the above is a recommendation to buy or sell any asset. Index closes are Wednesday, September 9, 2026; gold, oil, Bitcoin and Ether are live as of 08:00 UTC on September 10, 2026.