Mixed Sentiment Across Equities, Commodities, Bonds, and FX Markets

Mixed Sentiment across Major Asset Classes

Sentiment is mixed across major asset classes at the start of the session:

Equities:

• US equity futures saw a pop higher yesterday with the move lower in yields and are still trading positive but very marginal flows so far.
• EMEA futures are trading lower.

Commodities:

• After yesterday's strong extension in commodities, some pullback is observed with gold and silver lower, oil prices close to flat, and copper holding on to yesterday's highs.

Bonds:

• Mostly lower across the board with 2's, 5's, and 10's seeing red, pushing yields higher.
• The moves have been pretty marginal for now.

FX:

• The AUD and NZD show strong outperformance due to the upside in commodities.
• The safe havens are leading the majors to the downside, with the CHF weakest after the miss in Swiss CPI data.