Markets at a glance as we head into the FOMC minutes - Scotiabank
|The market tone is looking somewhat tentative as we head into the FOMC minutes - Here is a glance at the markets so far from analysts at Scotiabank.
Key Quotes:
"Signs of risk aversion are most evident in FX as the USD strengthens against all of the G10 currencies with the exception of JPY."
"Gold is up modestly and MXN is notably weaker."
"CNY/CNH is hovering just above their recent lows and the U.S. Treasury report on FX looms over the markets as participants await the administration's characterization of China’s policies."
"President Trump has also delivered fresh commentary on the Fed, describing it as his ‘biggest threat’."
"Overnight developments have included dovish comments from ECB Chief Economist Praet as well as disappointing inflation data out of the UK."
"The RBA’s Debelle is ‘paying close attention to falling house prices’ and PM May is headed to Brussels to meet with EU Council President Tusk and her fellow leaders ahead of Thursday’s Summit."
"Global equity indices are mixed as modest gains in Asia were followed by renewed weakness in Europe."
"U.S. equity futures are slightly negative and developed country bond yields are generally lower."
"U.S. yields are unchanged. Oil prices are soft and copper remains range bound. "
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