Headlines:
Markets:
- AUD leads, NZD lags on the day
- European equities increased; S&P 500 futures up 0.3%
- US 10-year yields up 4.7 bps to three.537%
- Gold up 0.1% to $1,793.87
- WTI crude up 1.1% to $75.07
- Bitcoin down 0.6% to $16,738
Bought that World Cup hangover? Properly, I would not blame you. It was top-of-the-line finals of a soccer match that I’ve watched as properly.
European buying and selling was a lot much less thrilling because the rollercoaster of feelings from final week begin to quiet down. Broader market sentiment factors to a little bit of aid after the post-Fed market temper, with shares recovering a bit after a brutal beatdown on Thursday and Friday.
The greenback can be barely softer however is hanging on in there, with EUR/USD shifting as much as 1.0650 solely to fall again nearer to 1.0600 now – nonetheless up 0.2% on the day although.
USD/JPY was a notable mover since Asia and caught round 136.00 largely earlier than shifting again up now to 136.40 ranges as bond yields maintain increased on the day. The yen advance owed a lot to headlines suggesting that we’d get a revision to the joint assertion between the federal government and BOJ on coverage and inflation goal/outlook.
In addition to that, the greenback remained barely softer elsewhere with nothing actually to shout about.
Anticipate markets to slowly wind down in the direction of the Christmas interval this week, so that may make for little to speak about by way of market strikes as thinner liquidity circumstances are set to prevail alongside positioning flows and tax-loss promoting.