[MARKET UPDATE] Hawkish reaction following the US ISM Services figure where the headline topped expectations; session high for DXY (98.64) whilst USTs are eyeing session lows; US equity futures also pressured across the board, RTY -0.9%
The stronger-than-expected ISM Services figure is driving a hawkish market reaction, resulting in a session high for the DXY and downward pressure on U.S.
US EIA Crude Oil Stocks Change (Jan/02) -3.831M vs. Exp. 1.1M (Prev. -1.934M)
US EIA Gasoline Stocks Change (Jan/02) 7.702M vs. Exp. 2.9M (Prev. 5.845M)
[MARKET UPDATE] Hawkish reaction following the US ISM Services figure where the headline topped expectations; session high for DXY (98.64) whilst USTs are eyeing session lows; US equity futures also pressured across the board, RTY -0.9%
EIA Expectations: Crude 1.1M, Distillate 2.2M, Gasoline 2.9M
Newsquawk European Market Wrap - 7th January 2026
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Treasuries and equity futures. This suggests that traders are reassessing growth and inflation expectations, which could imply a shift towards a tighter monetary policy if this trend continues.
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