US Market Open: US futures bid, USD pressured and fixed flat; BoE

US Market Open: US futures bid, USD pressured and fixed flat; BoE due before US data

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European equities opened on a very strong footing and remain at elevated levels; US futures are bid, with the RTY outperforming post-FedDollar continues to sink, the typical haven currencies JPY & CHF lags, whilst Antipodeans outperform; the AUD also benefits from the region’s jobs reportBonds are incrementally lower (but off worst levels), Gilts remain steady ahead of the BoE policy announcementCrude benefits from the softer Dollar...

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US Market Open: China-related assets slide as MOFCOM disappoints

European bourses are entirely in the red, with sentiment hit after China’s NPC press conference disappointed markets; US futures remain flat.DXY is slightly firmer, with the JPY strong whilst the Antipodeans lag given the lack of fresh stimulus measures from China.Bonds are on a firmer footing,...

Published 11/08/24

Newsquawk Rundown, Daily Podcast

Published 11/08/24

Europe Market open: FOMC cut as expected, US yields pressured; traders await potential Chinese stimulus

APAC stocks were ultimately mixed despite the early momentum following the fresh record levels on Wall St and a bout of rate cuts by major central banks, with gains capped as participants awaited a potential Chinese fiscal stimulus announcement.FOMC cut rates by 25bps to 4.50-4.75%, as expected,...

Published 11/08/24