Securities:
Markets:
- GBP leads, NZD lags on this day
- European stocks up; S&P 500 futures up 0.2%
- US 10-year yields up 2.9 basis points to 4.651%
- Gold down 1.0% to $2,302.06
- WTI crude down 0.7% to $80.65
- Bitcoin down 0.7% to $66,088
A few beats in the PMI shook things up in Europe, with the euro rising against a backdrop of better figures in France and Germany. These were both PMIs, with services falling while manufacturing remains rather sluggish. EUR/USD nevertheless climbed from 1.0665 to 1.0695, but subsequently gave it all back.
The dollar remained generally stable during the session, but is now easing slightly against the euro and the pound sterling, mainly. EUR/USD is up 0.15% at 1.0670 while GBP/USD is up 0.38% at 1.2396, the latter helped by some comments from the BOE policymaker, Huw Pill.
On top of that, other major currencies haven’t done much, with their eyes still on USD/JPY, which is holding near the 155.00 mark.
In other markets, bond yields are higher after PMI data released earlier, while stocks hope to continue yesterday’s rebound. There are still some nerves, however, with US futures only up about 0.2% on the day. But European indices are not fazed, with Britain’s FTSE 100 even hitting a record earlier.
In the commodities sector, gold is still pushed lower after yesterday’s fall, as it slips 1% to $2,300.
Now let’s move on to the US PMI data later.
cnbctv18-forexlive
