US Market Open: European equities slip, Gold slips as China maintains gold reserves, USD flat ahead of US NFP
7.06.2024
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4:15
- European equities are entirely in the red and at session lows; US futures trade tentatively ahead of US NFP
- Dollar is flat alongside G10 peers as markets await key employment data
- USTs trade within a contained range, Bunds are softer post-German data and unreactive to a slew of ECB speakers who mainly stuck to the data-dependent script; EGBs hit on Q1 wages
- Crude is flat, XAU dragged down on data which indicates that China halts Gold buying for reserves after an 18-month stretch
- Looking ahead, US NFP, Canadian Employment, US Wholesale Sales, ECB’s Schnabel; Lagarde; Fed's Cook
Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk
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