US Market Open: Equities in the green, CHF slips post-SNB and GBP softer ahead of the BoE; Fed speak due
20.06.2024
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- Equities in the green and Tech leads in Europe; NQ outperforms, lifted by pre-market gains in NVDA +2.7%
- Dollar is firmer, CHF sinks after the SNB cut rates by 25bps, GBP slightly softer ahead of the BoE
- Bonds are softer, Bunds initially lifted post-SNB but has since pared, French auction passes without issue
- Crude is incrementally firmer, base metals gain amid a generally positive risk tone
- Looking ahead, US IJC & Philly Fed Index, BoE Policy Announcement, Comments from Fed’s Barkin & Kashkari, Earnings from Accenture & Kroger
Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk
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