USD and USTs steady ahead of US CPI while crude slips; reports suggest optimism surrounding Middle Eastern talks
Good morning USA traders, hope your day is off to a great start! Here are the top 5 things you need to know for today’s market.
5 Things You Need to Know
US President Trump responded “We’ll see” when asked if reciprocal tariffs are still coming on Wednesday.
European bourses hold an upward tilt pre-US CPI and with tariffs capping optimism; US futures are mixed.
USD steady ahead of CPI, JPY is on the backfoot given the yield environment.
USTs trade steady ahead of CPI, German yields continue their march higher.
Crude slips on inventories which saw a surprise build in headline crude stockpiles, reports suggest there is “some optimism about reaching a solution” on Middle Eastern talks
A look at the day ahead in U.S. and global markets from Mike Dolan
Hyperactive U.S. policy moves appear to have frozen macro markets this week, with Wednesday’s key U.S. inflation release set to hold Federal Reserve boss Jerome Powell’s benign take on economy up to the light.
Powell basically told Congress on Tuesday that the economy was fine and that Fed policy was sufficiently well calibrated to deal to with uncertainties surrounding the new government plans – credit is still ‘restrictive’ while they wait and see.