US Market Open: Equities are mixed, USD pressured as the odds of 50bps tick up
2024-09-16
0:00
3:46
- European equities are mixed/flat, US equity futures edge slightly higher, though the RTY +0.8% outperforms
- Dollar continues to edge lower as markets weigh up the magnitude of the looming Fed cut, G10s gain vs the Dollar, USD/JPY slips below 140
- After last week's late dovish Fed repricing, odds of a 50bps cut sit at 59% vs. 41% chance of a 25bps reduction.
- Bonds are incrementally firmer but with trade rangebound awaiting speak from ECB’s Lane
- Crude is slightly firmer benefiting from the softer Dollar, XAU and base metals gain
- Looking ahead, NY Fed Manufacturing, Canadian Manufacturing Sales, Comments from ECB’s Lane
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