Mostly uneventful price action as markets trade cautiously and muted ahead of tomorrow’s US CPI data:
- Equities:
Mostly flat for US equity futures, with just a tad more pressure seen in EMEA
equity futures. Asia-Pac is mixed with the Nikkei and Hang Seng higher while
the Kospi and A50 is lower. - Commodities:
Mostly higher across the board, oil is close to flat, marginal upside for gold
and silver, with mixed flows in base metals with copper lower while iron ore is
up. - Bonds:
Mostly mixed as well with marginal moves across 2’s, 5’s and 10’s and thus very
limited flows in yields so far. - FX: You guessed it, also mixed. The CHF is
leading the majors on the upside in what looks like a bit of a pullback after
recent weakness. While the JPY and EUR are the weakest.
This article was written by Arno V Venter at www.forexlive.com.
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