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The futures market today

Thursday, October 15, 2026. What is moving across the futures markets, why, and what is scheduled next. It is the first panel FP Terminal members open, and it is free to everyone.

FP TERMINAL · MARKET BRIEF22:47 ET · Asia session

Crude oil (CL) is the biggest mover on the board, -2.3% on the day. NY Empire State Manufacturing Index (Oct) printed 25.5 vs 10.3 expected. VIX 16.46 (-0.41).

Leading · on the day
  • SISilver+1.1%
  • LELive cattle+0.9%
  • HGCopper+0.7%
  • GCGold+0.3%
Lagging · on the day
  • CLCrude oil−2.3%
  • NGNatural gas−0.7%
  • ZLSoybean oil−0.5%
  • ZSSoybeans−0.2%
VIX 16.46 (−0.41)VXN 22.89 (+0.00)US 10Y 5.08% (−1.0 bp)DEALER GAMMA NQ amplifying · ES amplifying · YM dampening · RTY amplifying
Today's calendar · consensus → actual
  • Balance of Trade Non-EU (Aug) · GBP/6B-5.29 vs -9.9
  • Gross Domestic Product MoM (Aug) · GBP/6B0.1 vs -0.1
  • Goods Trade Balance (Aug) · GBP/6B-18.01 vs -21.8
  • Retail Sales YoY (Sep)6.3 vs 5.2
  • Jobless Claims 4-Week Average (Oct/10)198.5 vs 199
  • Continuing Jobless Claims (Oct/03)1710 vs 1710
  • Initial Jobless Claims (Oct/10)199 vs 200
  • Philadelphia Fed Manufacturing Index (Oct)20.9 vs 28.4
  • Producer Price Index MoM (Sep)1.3 vs 0.5
  • NY Empire State Manufacturing Index (Oct)25.5 vs 10.3
On the wire · single-stock catalysts
  • $ROCK 8-K · Strategic divestiture at fair valuation; debt reduction improves balance sheet and enables focus on…m&a
  • $CRON 8-K · $58M acquisition establishes Cronos' #1 European market position, validates borderless product strategy.m&a
  • $CAR Legend Biotech Announces U.S. FDA Clearance of IND Application for LB2501, an Investigational CD19/CD20 In Vivclinical
  • $ATCH AtlasClear Holdings Signs Definitive Agreement to Acquire Ark Financial Services, including its Dawson James Sm&a
  • $AQST Aquestive Therapeutics Announces FDA Acceptance of Anaphylm™ NDA Resubmission and PDUFA Goal Date of March 16,clinical
Moves are % from the prior close on the front contract, from delayed quotes (about 10 minutes) · updated every 5 minutes · Educational only, not financial advice. Futures carry substantial risk of loss.

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HOW TO READ IT

Four terms, in plain English.

Move on the day

The change in the front-month futures contract from the prior session's close, so an overnight move counts even before the cash open. Quotes are delayed about 10 minutes.

Consensus → actual

Economists' median forecast for a release, then the number that printed. The gap between them — the surprise — is what usually moves futures, not the level itself.

Dealer gamma

How options dealers' hedging affects moves in the index futures. Dampening: their hedging leans against moves. Amplifying: their hedging adds to them. It describes the volatility backdrop, never a direction.

VIX and VXN

Implied volatility on the S&P 500 and the Nasdaq-100 — the options market's price for the next 30 days of movement.

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General research and education, not personal advice. Futures involve substantial risk of loss. Market data can be delayed; moves are percentages on the front contract and are not a price feed. Risk disclosure.