US Market Open: China outperforms, modest DXY resurgence & USTs lag after multiple weekend events
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European bourses are under modest pressure, Euro Stoxx 50 -0.2%, with US futures in-fittingFollowing fairly contained APAC action though Chinese stocks outperformed amid a further easing of COVID controlsCrude benchmarks have been choppy, but are ultimately firmer post-OPEC+ and as the Russian oil cap comes into effect at USD 60/bbl.DXY bid with the Yuan and AUD outperforming while JPY is the standout laggardEGBs...
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European bourses are mostly lower, US equities are mixed, with the NQ underperforming after Meta (-13.1%) resultsDollar is lower, Antipodeans benefit from higher metals prices, JPY is softer holding above 155.50 against the USDBonds are rangebound awaiting impetus from Tier 1 data later...
Published 04/25/24
Published 04/25/24
APAC stocks were mostly subdued after the uninspiring handover from the US; Australia and New Zealand markets were closed for ANZAC Day.US equity futures were pressured with underperformance in Nasdaq 100 after Meta shares dropped over 15% post-earnings.European equity futures indicate a slightly...
Published 04/25/24
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