US Market Open: Equities modestly firmer, DXY flat in catalyst thin trade, XAU & Copper hit ATHs; Fed speak due
20/05/2024
0:00
4:53
- European equities hold a mild positive bias, whilst US futures lack firm direction and holds around the unchanged mark.
- Dollar is flat alongside G10 peers, Kiwi marginally underperforms, USTs are flat in quiet newsflow, whilst Bunds are slightly softer.
- A helicopter carrying Iranian President Raisi and Foreign Minister Amir-Abdollahian crashed due to adverse weather conditions with no survivors reported; Iran’s Supreme Leader Khamenei signalled continuity.
- Spot gold printed a record high of around USD 2,450/oz while copper futures extended on gains and benchmark LME prices hit a fresh all-time peak above USD 11,100/t.
- Looking ahead, speak from Fed's Bostic, Barr, Waller, Jefferson and Mester. Holidays: Whit Monday (Switzerland, Norway, Denmark are closed).
Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk
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