Stock The markets grew slightly, as sentiment improved after the Wall Street close. Bank jitters persist and gains are modest. EGB yields have moved higher in the early tradingThe short end of the spectrum underperforms. Bonds rally Yesterday, despite ECB’s rate hike and Lagarde’s insistence that it wasn’t the last. The markets speculate on a rapid reversal of US rates, and are wondering how long ECB policy will diverge from Fed outlook. Treasury yields Bonds are also edging higher today, but the rally has now been stopped. German manufacturing orders plunged -10.7%. Chinese The factory activity in April was unexpectedly reduced.
The markets continue to digest various factors in advance of the NFP tomorrow, especially policy stances by the FOMC, ECB and the deepening jitters regarding the regional bank system.
- FX – USDIndex is within yesterday’s trading range, currently at 100.94, As data on productivity and labor costs suggested, the Fed might not be done. The Yen Settled at 134.00. EURGBP Dive this morning 0.8740While Cable Breaking its own 1.2600 high.
- Stocks – The US500 Was off -0.72%, The following are some of the ways to get in touch with us. US30 The number of people who were able to do so was reduced by -0.86% You can also find out more about the following: US100 Slid –0.46%. Apple…
