US Market Open: China-related assets slide as MOFCOM disappoints
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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, with modest outperformance in Gilts and as USTs await Fed speak from Bowman & Musalem.Crude oil, XAU and base metals are all on the backfoot,...
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APAC stocks were mostly subdued following the negative lead from the US alongside higher yields.European equity futures are indicative of a lower cash open with the Euro Stoxx 50 future -0.4% after the cash market closed lower by 2.3% on Tuesday.DXY remains above the 106 mark, USD/JPY has just...
Published 11/13/24
Equities are on the backfoot; the RTY underperforms, paring some of the Trump-induced strength in the prior session.Dollar continues to advance higher, GBP on the backfoot following mixed jobs data which saw an uptick in unemployment but wages remain sticky.Bonds are mixed, USTs are flat ahead of...
Published 11/12/24