It’s an earlier than usual finish for me today, so I’ll leave you with the Newsquawk US Market Open Preview and wish you all an amazing weekend.
Summary
European bourses are modestly on the backfoot, though have trimmed this slightly as the session progresses, in limited newsflow pre-NFP.
Stateside, futures are similarly contained and lie either side of the unchanged mark with NQ -0.1% modestly lagging amid yield upside
Typically tense pre-NFP trade has seen the DXY briefly dip below 112.00, to a 111.94 low, before regathering itself and holding marginally above the figure.
Core benchmarks dipped to lows amid the morning’s German data release, with Import Prices lifting again, though have gained some poise since in quiet trade.
WTI and Brent are off highs but still holding onto gains of around USD 0.50/bbl and are at the top-end of the week’s USD 86.35/bbl – 95.00/bbl parameter in Brent Dec’22.
Fed’s Mester (2022/2024) and Waller (voter) spoke overnight and added to the pivot-pushback
Looking ahead, highlights include US & Canadian jobs reports, BoE’s Ramsden, Fed’s Williams, Kashkari, Bostic
