It was a relatively quiet Asia-Pac session for markets.
The presidential debate saw mostly muted market reactions as we didn't really learn much from it.
The USD saw some initial upside at the start of the debate, but some of the move moderated as the debate drew to a close.
Equity markets are well supported as we start the EU session, with upside seen across North American, EMEA and Asia-Pac equity futures.
Commodities have traded mostly mixed, and continues to be a tricky market to pin down on the fundamental side.
Market attention will turn to today's inflation data (prelim data expected for France, Spain and Italy as well as US PCE later on). However, with everything else going on right now I'm not sure how much attention markets will place on these events today.
Have a fantastic Friday!
- What money markets expect from central banks at their upcoming meetings
- What did we learn from the presidential debate?
- Japan's Suzuki says rapid FX moves are undesirable
- Asia-Pac equity futures not too bothered by the debate at the moment
- Japan MoF replaces currency diplomat Kanda with Atsushi Mimura
- USD pushing ahead as the presidential debate carries on
- Australia private sector credit 0.4% vs 0.5% prior
- PBoC injects 50 billion Yuan via 7-day reverse repos at a rate of 1.8%
- PBOC sets USD/ CNY reference rate for today at 7.1268 (vs. estimate at 7.2727)
- Presidential debate highlights and comments
- USDJPY hits another fresh 38-year high
- ABN AMRO predicting a year-end price of USD 2,000 per ounce
- RBA Hauser comments a possible headwind for AUD longs
- PBOC is expected to set the USD/CNY reference rate at 7.2727
- Today's economic calendar 28 June 2024
- Japan Industrial Production 2.8% vs 2.0 expected
- Japan Tokyo Core CPI YY 2.1% vs 2.0% expected
- US Campbell regarding China's destabilizing actions in South Sea
- Grab your popcorn for the upcoming presidential debate
- EU has agreed to give Ursula von der Leyen a second term
- Another mixed session for commodities
- Was a relatively calm session for the big 7
- US preparing to evacuate Americans from Lebanon as tensions remains high
