US Market Open: Modest deterioration in risk sentiment, though ranges limited with ES pivoting 4k
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Choppy session thus far across equities as the region looks for direction, ES circa. 4k.Followed mixed APAC trade given the hawkish Wall St. handover eased on further China COVID control adjustmentsDXY briefly eclipsed Monday's best to a 105.50 peak before fading in relatively limited newsflow and as UST yields ease.Aussie is the modest outperformer following a 25bp RBA hike and guidance for further inflation-justified...
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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