Newsquawk’s NY Open report (full report and podcast available for subcsribers)
Sentiment hit by poor tech and luxury earnings; Gilts fuelled by softer CPI
Good morning USA traders, hope your day is off to a great start! Here are the top 4 things you need to know for today’s market.
(Click below to read the full report and listen to the guys doing the podcast).
4 Things You Need to Know
European bourses are mostly lower, with sentiment hit following poor LVMH/ASML results; the FTSE 100 leads after the region’s cooler-than-expected inflation metrics.
Dollar is flat, GBP is the clear underperformer after headline/services inflation figures declined more than expected.
Bonds continue to build on the prior day’s gains, with upside also fuelled by the aforementioned UK CPI report, which has led to clear outperformance in Gilts.
Crude is modestly lower, XAU/base metals both gain.
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