Headlines:
Markets:
- NZD leads, CAD lags on the day
- European equities higher; S&P 500 futures flat
- US 10-year yields down 1.6 bps to 4.718%
- Gold up 0.1% to $1,822.24
- WTI crude down 1.6% to $82.88
- Bitcoin up 0.3% to $27,744
It was a slower session in terms of headlines and market moves were also not too substantial, as traders and investors are starting to keep the focus on the US jobs report tomorrow.
The surge higher in Treasury yields is continuing to stay on ice and that is helping with broader market sentiment slightly. The dollar held a little softer across the board while equities are doing a bit of a back and forth dance as overall risk sentiment stays on edge. S&P 500 futures were down as much as 0.4% but are now flattish ahead of US trading.
EUR/USD is up 0.2% to 1.0520 but held in a narrow range while USD/JPY is down 0.2% to 148.84 although price action has been rather lackluster during the session, keeping around 148.80 to 149.00 mostly.
The standout mover in European trading is oil as it is shot down by another 1.5% with WTI crude slipping just below the $83 mark on the day. The pressure in oil continues after the sharp fall yesterday with dip buyers still not looking to eager to catch the falling knife just yet.