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A case of déjà vu in markets at present? Or at the least it appears to be a well-known undertone as we head in direction of European buying and selling.
The greenback is barely firmer, equities are leaning softer and bond yields are ticking increased to this point on the day. However as a reminder, all of that rotated by the point we bought to the closing levels yesterday.
US inventory indices had been down roughly 1% earlier than storming again with the S&P 500 and Nasdaq each sealing positive factors of 0.9% whereas the Dow completed up by 0.8%. In the meantime, the greenback misplaced some floor by the top of all of it with GBP/USD most impressively pulling from 1.2485 to complete close to 1.2600.
There’s nonetheless a push and pull ongoing and we’re but to settle the rating it looks like, so anticipate that to play out as soon as once more at present. Here is a take a look at markets earlier than laying out the agenda in Europe.
- USD/JPY 133.05 (+0.4%)
- EUR/USD 1.0679 (-0.2%)
- GBP/USD 1.2563 (-0.2%)
- AUD/USD 0.7198 (-0.4%)
- Nikkei 28,188 (+0.9%)
- Cling Seng 21,892 (+1.7%)
- S&P 500 futures 4,142 (-0.4%)
- US 10-year Treasury yields 3.00% (+3.3 bps)
- Gold 1,846.16 (-0.3%)
- WTI crude $119.72 (+0.3%)
- Brent crude $120.77 (+0.2%)
0545 GMT – Switzerland Could unemployment fee
0600 GMT – Germany April industrial output
0600 GMT – UK Could Halifax home costs
0645 GMT – France April commerce steadiness
0830 GMT – UK Could building PMI
0900 GMT – Eurozone Q1 ultimate GDP figures
1100 GMT – US MBA mortgage purposes w.e. 3 June
That is all for the session forward. I want you all the very best of days to return and good luck along with your buying and selling! Keep secure on the market.
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