Headlines:
Markets:
- NZD leads, EUR lags on the day
- European equities principally greater; S&P 500 futures down 0.2%
- US 10-year yields down 1.5 bps to 4.26%
- Gold up 0.3% to $2,028.74
- WTI crude down 0.5% to $76.26
- Bitcoin down 1.6% to $51,190
It was a quiet session as soon as once more, as merchants wait on the Fed minutes later as we speak. The shortage of key financial information releases to date this week has made for some relatively muted buying and selling motion, particularly in main currencies.
The greenback is preserving steadier, buying and selling close to flat ranges in opposition to a lot of the majors on the session. EUR/USD is little modified close to 1.0800 whereas USD/JPY can be in an analogous spot close to the 150.00 mark.
It is just the kiwi that’s seeing a slight advance, with NZD/USD constructing on yesterday’s nudge greater as it’s up 0.3% to 0.6180 in the intervening time. In addition to that, general sentiment is usually subdued within the FX house. And that comes as bond yields are barely decrease on the day however nothing important in comparison with the strikes final week.
Within the equities house, European shares are nonetheless holding up nicely whereas US futures are down as tech shares look jittery. Nvidia earnings after the shut as we speak is the important thing danger occasion to observe for equities.
As for commodities, gold is maintaining its good kind because the rebound from final week continues. The dear metallic is up one other 0.3% to $2,028 presently however off earlier highs close to $2,032. In the meantime, pure fuel is looking to come up for air after having been crushed down for over a month.
