US Market Open: DXY flat but USTs firmer, Timiraos in focus into US data
17.9.2024
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3:56
- European equities are firmer across the board, with Retail outperforming; US futures gain, the NQ outperforms attempting to pare back the prior day’s losses
- Dollar is flat, EUR edged off best levels in reaction to poor ZEW data
- Bonds are firmer as markets digest another Timiraos piece, which further highlighted that the Fed has doubts regarding the magnitude of a cut
- Crude has given back early morning strength and is now slightly lower, XAU dips whilst base metals are mixed
- Looking ahead, US Retail Sales, Canadian CPI, US Industrial Production, Business Inventories, NZ Current Account, Comments from Fed’s Logan & BoC’s Rogers, Supply from the US.
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