Headlines:
Markets:
- NZD leads, USD lags on the day
- European equities slightly increased; S&P 500 futures up 0.1%
- US 10-year yields down 3.6 bps to three.994%
- Gold up 0.5% to $2,033.21
- WTI crude up 2.0% to $72.81
- Bitcoin up 2.6% to $47,198
It was a fairly sluggish session total as markets are ready on the primary occasion this week, that being the US CPI information later right this moment.
Bond yields have been decrease all through and that stored the greenback in a extra sluggish spot after some mild pushing and pulling. EUR/USD nudged decrease to 1.0960 however got here again as much as 1.0980 now whereas USD/JPY stored slightly decrease all through the session round 145.30-50 ranges.
There was little or no to work with amongst main currencies as there weren’t any notable information in Europe and an absence of any important headlines.
In different markets, shares have been regular however probably not operating away with good points whereas gold and oil are each sitting increased as nicely. After the ETF approval yesterday, there have been no fireworks in Bitcoin however it’s nonetheless consolidating good points presently simply above the $47,000 stage.
issues, it is all to play for as soon as we get to the US CPI information later. As a reminder, this can be a market that’s determined to maintain the disinflation narrative operating. So, it’ll take some surprises on each the headline and core readings – the latter particularly – to essentially put down hope for that within the aftermath.
