E-mini S&P 500 futures pull back as inflation expectations rise.

Equity markets, including E-mini S&P 500 and Nasdaq-100 futures, pulled back from recent all-time highs amid geopolitical uncertainty and a rebound in energy prices. Compounding the pressure, the New York Fed reported that consumer inflation expectations nudged higher to 3.6%, while initial jobless claims came in below estimates at 200,000 ahead of the crucial non-farm payrolls report. Options markets experienced massive volume, trading over 8 million contracts with notable activity in expiring E-mini S&P 500 puts. Shifting to the crypto sector, Bitcoin futures retreated below 80,000 after an early test of 82,000, influenced by both geopolitical headlines and structural market developments, as traders anticipate a potential White House announcement regarding a national Bitcoin reserve.