US Market Open: Geopols and Chinese Stimulus in focus ahead of US data & numerous speakers
2024-09-26
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3:46
- Equities are entirely in the green, with optimism lifted amid Chinese stimulus efforts; MU +15% pre-market after strong earnings and solid guidance
- Dollar is softer, Antipodeans benefit from the risk-tone but weighs on the JPY
- USTs are flat, EGBs benefit on reports that ECB doves are pushing for an October cut and amid reports surrounding France’s fiscal situation
- Crude tumbles on constructive geopolitical updates, XAU and base metals benefit from the softer Dollar and positive risk tone
- "Senior US officials have said that they expect a ceasefire deal to be implemented "in the coming hours" along Israel-Lebanon border", according to Walla News' Elster
- Looking ahead, US Durable Goods, GDP Final (Q2), Core PCE (Q2), IJC, Banxico Policy Announcement, Speakers including ECB’s Lagarde, de Guindos & Schnabel, Fed’s Powell, Williams, Collins, Kugler, Bowman, Barr, Kashkari & Cook, Supply from the US
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