US Market Open: DXY recovers amid a PBoC RRR cut in otherwise holiday-sapped trade
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European bourses and US futures are near the unchanged mark with newsflow limited in holiday-sapped tradeDXY has experienced a resurgence to 106+ parameters, aided by the PBoC cutting the RRR as toutedCore fixed is under pressure with Bund’s below yesterday’s trough though holding onto the 141.00 mark; USTs in-fitting directionallyCrude benchmarks have been grinding higher despite the USD pickup and further China COVID controls, oil price...
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European bourses are mostly firmer; NQ outperforms, propped up by gains in Tech names – TSLA +10.5% pre-market, TXN +7.3%Dollar is firmer, AUD benefits from the risk tone and on hotter Aussie CPI, USD/JPY printed a high of 154.96USTs are pressured, giving back some of the PMI-induced gains; Bunds...
Published 04/24/24
APAC stocks gained as the region took impetus from the rally on Wall St where soft PMI data spurred a dovish reaction across asset classes.Tesla shares were up 13% post-earnings despite its results falling short of estimates as the Co. flagged a sooner launch of new and more affordable models.DXY...
Published 04/24/24