US Market Open: Pound and Gilts buoyed by a UK U-turn; ISM & Central Bank speak due
Full Note incl Podcast
European equities have kicked the week off on the backfoot following the selling pressure seen on Wall Street on Friday whilst the APAC session saw holiday-thinned conditions
US futures are more of a mixed bag with the tech-laden NQ incrementally lagging peers.
Cable lifted to a 1.1279 best sending DXY below 112.00; however, this action has since eased with peers heavily mixed vs. USD
Core benchmarks lifted markedly alongside the commencement of Gilt trade following the gov’t u-turn, upside which has since eased
Crude benchmarks bid on weekend/early-morning reporting around the potential OPEC+ cut magnitude
Looking ahead, highlights include US Final Manufacturing PMI, US ISM Manufacturing, Speeches from Fed’s Bostic, Barkin, George & Williams, BoE’s Mann & UK Chancellor Kwarteng.
