Sentiment is mixed across major asset classes at the start of the session

Sentiment is mixed across major asset classes at the start of the session:

• Equities:

US
equity futures saw a pop higher yesterday with the move lower in yields and are
still trading positive but very marginal flows so far. EMEA futures are trading
lower.

• Commodities:

After
yesterday’s strong extension in commodities, it probably shouldn’t be too much
of a surprise to see some of the moves pullback a little, with gold and silver
lower on the session, with oil prices close to flat and copper still holding on
to yesterday’s highs.

• Bonds:

Mostly
lower across the board with 2’s, 5’s and 10’s seeing red (pushing yields
higher), but the moves have been pretty marginal for now.

• FX:

The
AUD and NZD is taking full advantage of the upside in commodities with strong
outperformance, while the three safe havens are leading the majors to the
downside. The CHF the weakest after the miss in Swiss CPI data.

This article was written by Arno V Venter at www.forexlive.com.