Headlines:Markets:AUD leads, EUR lags on the dayEuropean equities lower; S&P 500 futures down 0.3%US 10-year yields down 2.9 bps to 2.910%Gold dow
Headlines:
Markets:
- AUD leads, EUR lags on the day
- European equities lower; S&P 500 futures down 0.3%
- US 10-year yields down 2.9 bps to 2.910%
- Gold down 1.1% to $1,876.62
- WTI down 3.8% to $100.70
- Bitcoin down 0.2% to $38,485
It’s a brand new month but the same old market themes are dominating.
The dollar is holding a slight advance though with London out today, it is making for some quieter trading. There are no new boundaries being breached but the greenback is keeping steadier after pushing to intraday highs at the start of the session.
EUR/USD is keeping lower around 1.0515-30 while GBP/USD is down 0.1% to around 1.2560. USD/JPY was a little higher around 130.10 earlier but has since eased a little to 129.90 as equities are seen retreating.
European indices are down well over 1% mostly in playing catchup to Friday’s massacre on Wall Street. Meanwhile, US futures have erased early gains and are falling back lower with S&P 500 futures now down 0.3% after having been up around 0.6% at one stage.
Treasury yields are a little lower for now but they are staying elevated, with 10-year yields still toying with the notion of pushing towards 3%. That may not come until the Fed and it’s unlikely we’ll see the tide in other markets shift before that as well.
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