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Earlier today the US equity futures were languishing and that came as stocks here in Europe struggled for traction. Well, in the last 20-30 minutes that has all changed, following the weaker than expected US ADP report and the latest US treasury refunding news. So, US yields have slipped slightly and that has been the catalyst for a rebound in stocks, both sides of the pond. The DAX has almost lifted 100 points from its earlier low and the Dow Jones is now pricing an opening nearer to where it closed last night (33,052). Earlier this morning the Dow Jones was pricing that at close to 32,900. It is just now pricing it at 33,035. Of course the latest ISM manufacturing report might change that, when it is released 30 minutes after live trading resumes
The final revision to the University of Michigan consumer sentiment index has actually seen all the readings revised a bit higher. Well quite a bit...
Any minute now the latest US university of Michigan consumer sentiment index will be released but this is the final reading so it might not have much...
Not that long ago Bitcoin managed to take out all the highs seen yesterday and earlier today and led it to press just above the 95k handle for the...
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