Headlines:Markets:AUD leads, GBP lags on the dayEuropean equities lower; S&P 500 futures down 0.5%US 10-year yields flat at 2.38%Gold up 0.5% to $
Headlines:
Markets:
- AUD leads, GBP lags on the day
- European equities lower; S&P 500 futures down 0.5%
- US 10-year yields flat at 2.38%
- Gold up 0.5% to $1,930.30
- WTI up 2.8% to $112.30
- Bitcoin down 1.4% to $42,024
The day started with more of the same from earlier in the week with the yen looking heavy as the bond selloff deepened.
But as European traders entered the fray, the mood eased with stocks also turning early gains into modest losses now on the session.
10-year Treasury yields fell from above 2.41% to 2.36% before keeping closer to 2.38% currently. That saw USD/JPY also fall back from 121.10 to 120.80 levels in European morning trade.
European indices kicked start the day with slight gains but have seen that early optimism tail off, with losses around 0.6% to 0.8% now.
That didn’t do much to dampen the mood in FX though we are seeing some added push and pull in the dollar against the euro and pound for the most part.
EUR/USD fell from 1.1020 earlier to 1.0980 as sellers try to wrestle back some near-term control while 30-year high consumer inflation has seen the pound drop from near 1.3300 to 1.3200 against the greenback.
Elsewhere, oil is continuing to keep up with its volatility swings with a move up from $109 to just above $112 currently.
All eyes are still on the bond market for the most part, to see if there is still appetite to extend the rout over the past two weeks.
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