[MARKET UPDATE] US equity futures resume trade subdued (ES -0.2%, NQ -0.3%). T-Note futures open -1.5 ticks. WTI Feb' +0.3%. Spot XAU initially +USD 10/oz before slightly trimming, now +USD 7/oz
Newsquawk Staff ·
US equity futures resume trade subdued (ES -0.2%, NQ -0.3%). T-Note futures open -1.5 ticks. WTI Feb' +0.3%. Spot XAU initially +USD 10/oz before slightly trimming, now +USD 7/oz.
What it means
US equity futures are experiencing a subdued start, indicating cautious sentiment among traders amid ongoing volatility. The slight uptick in WTI suggests some underlying strength in oil markets, while gold's initial rally before trimming reflects the balancing act between risk appetite and safe-haven demand. Overall, this mixed sentiment points to a market grappling with uncertainty.
- [MARKET ANALYSIS] Asia-Pac stocks trade mixed folowing the continued tech rout stateside where the Nasdaq 100 slipped into a correction and with markets cautious ahead of the US midterm election
- [MARKET ANALYSIS] Dollar is flat ahead of the midterms, while yuan weakens after the PBoC raised its FX RRR
- [MARKET ANALYSIS] T-note futures pulled back after gaining yesterday alongside a slump in oil prices, while demand is contained with cash treasuries trading shut overnight amid the Tokyo closure
- [MARKET ANALYSIS] Oil prices are contained after dropping 8% on Monday amid hopes for diplomacy and despite a report that the US conducting a small-scale, defensive attack on Iran's Qeshm Island
- [MARKET UPDATE] Asia-Pac stocks begin mixed with underperformance in the KOSPI following the continued tech rout stateside which saw the Nasdaq 100 dip into a correction, while demand is contained amid the holiday in Japan and looming US midterm elections
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