US Market Open: Equities trade tentatively ahead of US PPI & Fed Chair Powell; GBP is softer post-Pill
14/5/2024
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2:14
- Equities are mixed, with trade tentative ahead of US PPI & Powell
- Dollar is flat, GBP softer following commentary from BoE’s Pill
- Bonds are firmer, taking a further leg higher after BoE’s Pill before paring on ZEW
- Crude is flat with oil-specific newsflow light, XAU is firmer and base metals are mixed
- White House says US President Biden is directing the USTR to increase tariffs on USD 18bln of imports from China
- Looking ahead, US PPI, OPEC MOMR, Comments from ECB’s Schnabel, Fed Chair Powell & Cook. Earnings from Home Depot
Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk
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