Global stocks remain around their ATHs. Easing travel restrictions and the US infrastructure bill improve sentiment risk. Key central banks have also indicated they plan to gradually reduce incentives.
But the main risk remains that inflationary pressures caused by supply chain problems and energy prices are lasting longer than officials expect.
US futures are declining after a strong start to the week.
So to speak, we’ve seen this story before, with US futures also falling early yesterday, only to start rising during the North American session, so it’s too early to discuss general sentiment risk today.
But for now, things are a bit more cumbersome, with S & P 500 futures down 0.2%, while Nasdaq futures are trading 0.1% lower. Dow futures are also 0.3% lower at the moment.
Elsewhere, bidding on auction bonds (lower yields) is putting pressure on JPY couples, with the yen currently growing.
Meanwhile, commodity currencies appear “chilled” as they enter the upcoming session, remaining slightly unchanged against the USD and trading slightly lower than other majors.
10-year bond yields fell one basis point to 1.48%, while Australia’s yields rose three basis points to 1.78%.
West Texas Intermediate Crude Oil is trading at around $ 82.04 a barrel, while gold is at around $ 1825.29.
Bitcoin is trading around $ 68,000.
Junior Trader Nikolay Stoychev