US Market Open: US equity futures in the red, USD flat ahead of key US data & FOMC, Crude sinks lower
1.5.2024
0:00
3:38
- European bourses are closed for Labour Day, with the exception of the UK’s FTSE 100, which is incrementally firmer; US equity futures are entirely in the red
- Dollar is flat with G10 peers also holding pattern awaiting a slew of US data and the FOMC
- USTs are unchanged ahead of today’s key events, with QRA also in focus; Gilts subdued
- Crude sinks lower, XAU is incrementally firmer and base metals are lower across the board
- Looking ahead, US Manufacturing PMI, ISM, US ADP, JOLTS, FOMC Announcement, Treasury QRA, Fed Chair Powell, BoC’s Macklem & Rogers. Earnings from CVS, Qualcomm, MetLife, Pfizer, ADP, Marriott, Estee Lauder, Mastercard & eBay
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