Headlines:
Markets:
- GBP leads, NZD lags on the day
- European equities higher; S&P 500 futures up 0.5%
- US 10-year yields up 0.8 bps to 3.957%
- Gold flat at $1,811.13
- WTI crude down 0.3% to $76.09
- Bitcoin up 1.3% to $23,407
It was a quiet session for the most part as markets are settling into the new week without much vigour. Economic data from Europe was a little softer and equities found a slight bid at the start of the session but that still failed to ignite any sparks in FX.
The dollar is mostly little changed across the board, holding marginally lower against the euro and yen. Meanwhile, the pound is keeping a slight advance with GBP/USD moving up from 1.1950 to 1.1980 during the session.
The antipodeans are the laggards with the aussie and kiwi being pressured amid more bearish technical developments as outlined here. AUD/USD is down 0.2% to 0.6710 and NZD/USD down 0.3% to 0.6740 currently.
Besides that, it was a bit of a lazy session for Treasuries with equities also moving sideways after the early advance. S&P 500 futures are up 0.5% with the bulk of the move being triggered in the opening hour of European morning trade.
It’s now on to Wall Street with month-end flows in focus as well.