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The greenback is a contact greater however ranges are comparatively slim, so there is not a lot to essentially touch upon. This comes as we see a little bit of a bounce in Treasury yields after the plunge yesterday. 10-year yields are up 4 bps on the day to three.46% however nonetheless preserving under the important thing technical degree famous right here after the break in US buying and selling the day earlier than.
Equities stay tepid with European indices little modified. In the meantime, S&P 500 futures are up 4 factors, or 0.1%, and that additionally is not saying a lot though the money market could have a check of its 100-day shifting common to cope with later at present as identified right here.
It’s shaping as much as be a little bit of a sideways session as broader markets lack the urge for food and conviction forward of subsequent week’s essential occasions.
We’ll get a little bit of a style of issues by way of the US PPI information tomorrow however till then, we might have to simply accept a little bit of nothingness in between.
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