That's me done for another day.Pre-Wall St Open Summary via Newsquawk- European bourses are under modest pressure as sentiment broadly takes a slight
That’s me done for another day.
Pre-Wall St Open Summary via Newsquawk
– European bourses are under modest pressure as sentiment broadly takes a slight turn for the worst amid limited newsflow as participants look to Friday’s NFP.
– USD benefits from the mentioned risk tone, with the DXY extending to a 111.35 peak to the modest detriment of peers; though EUR is relatively resilient.
– Gilts are once again the standout laggard following rating agency action and the BoE DMP showing inflation pressures were already elevated MM before the fiscal update.
– Crude benchmarks are now modestly firmer, extending marginally above yesterday’s best levels with fresh newsflow limited as participants digest yesterday’s OPEC+ action.
– Softer sentiment has led strength to the USD, to the detriment of metals with spot gold once again capped by the 50-DMA at USD 1722/oz.
– The EU has approved the 8th round of Russian sanctions, as expected. While N. Korea fired missiles and bombers/jets have been seen.
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