A mixed day in New York ahead of FOMC - ANZ
|Analysts at ANZ explained that Global equities rose, the US dollar was mixed, and treasury yields lifted after some further solid data and ahead of some key central bank decisions over the next day or so.
Key Quotes:
"European bourses were led higher by the CAC 40, which recorded a 0.8% gain, while other regional indices added around 0.5-0.6%. In the US, the DJIA and S&P 500 are currently up 0.5% and 0.4% respectively. Telecommunication stocks led gains in the latter."
"A number of stronger inflation prints generally weighed on fixed income markets, with the 10-year yield in the US and UK both up around 2bps to 2.41% and 1.22% respectively."
"In currency markets, the USD was mix against the G10 with SEK rising 0.7%, while expectations of M&A flows supported the AUD. Oil prices fell from a four day high with Brent crude down 1.9% to $63.5/bbl. Gold was reasonably stable at $1241/oz."
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