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US Market Open: US equity futures bid, USD flat and Bonds subdued post-Presidential debate; US PCE due
6/28/2024
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6:40
- Price action in European equities has been choppy, but are ultimately mostly firmer; US futures are modestly firmer ahead of US PCE
- French assets underperform ahead of Sunday’s legislative elections; CAC 40 -0.4%, OATs -31 ticks, OAT-Bund yield spread above 84bps
- Dollar is flat after initially being boosted by JPY weakness & post-presidential debate
- Bonds are subdued following the Presidential debate which saw the odds of a Trump victory inch higher
- Crude is firmer and towards session highs, XAU is flat whilst base metals gain
- Looking ahead, US PCE, Canadian GDP, Comments from Fed’s Barkin & Bowman
Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk
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