Euro Market Open: Renewed yield advances pressures broader sentiment, speakers dominate the schedule
נקודות מפתח:
- APAC stocks were lower across the board following the renewed bond selling on Wall Street.
- European equity futures are indicative of a lower open with the Euro Stoxx 50 future -1.2% after the cash market closed down 0.4% yesterday.
- DXY has extended gains above 114.00, antipodeans lag majors, EUR/USD and GBP/USD are on 0.95 and 1.06 handles respectively.
- 10yr UST futures remained subdued after the prior day’s renewed selling with the 10yr yield briefly breaching 4.0%.
- Looking ahead, highlights include German GfK, Speeches from Fed's Daly, Bostic, Bullard, Bowman & Barkin, ECB's Lagarde & Elderson, BoE's Cunliffe & Dhingra, Supply from the US.
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