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US Market Open: Equities pressured, DXY & USTs firmer into Chair Powell
2024-07-02
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- European bourses pressured despite a lack of fresh drivers with US futures softer ahead of Chair Powell
- DXY firmer and above 106.00, USD/JPY hit another peak of 161.75, EUR unreactive to HICP
- EGBs slipped incrementally on sticky super-core EZ HICP but remain near the unchanged mark overall, USTs slightly firmer
- Crude continues to climb while XAU pivots its 21-DMA and base metals lift marginally
- ECB's Lane said conditions around France are not disorderly, added that July is a live meeting
- Looking ahead, highlights include Canadian Manufacturing PMI, US JOLTS, Comments from Fed's Powell, ECB's Lagarde, Schnabel, BCB's Neto
- Click for the Newsquawk Week Ahead
Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk
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