US Market Open: DXY slightly higher & Bonds tick lower post-FOMC & ahead of US PPI; NQ outperforms
6/13/2024
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4:45
- Downbeat session for European equities whilst US futures are mixed, with NQ outperforming, propped up by pre-market gains in Tesla, Broadcom and Nvidia
- Dollar is firmer, EUR continues to test 1.08 to the downside and the JPY is the marginal underperformer
- Bonds are slightly softer as participants digest the FOMC & hawkish dot plots ahead of US PPI
- Crude is on the backfoot, XAU and base metals both lower as the Dollar continues to recoup losses
- Looking ahead, US IJC, PPI (F), NZ Manufacturing PMI, Comments from ECB’s de Guindos, BoC’s Kozicki & Fed’s Williams, Supply from the US, Earnings from Adobe
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