6/30/2021 4:05:15 AM GMT
The overnight session was another sideways in Seattle sleeper for most asset classes as even equities struggled to maintain upward momentum. US yields edged slightly lower; gold fell while oil rallied but remained confined in pre-OPEC+ noisy range-trading and industrial metals did much the same. The US Dollar ground higher as the forex market continues to signal its concern about the impact of the delta variant globally and its lingering post-FOMC taper concerns.
More hawkish rhetoric from another Fed official hit the wires late in the session. But Wallers comments that tapering and tightening expectations might occur sooner had little effect. Financial markets, generally, seem to be settling in for the global manufacturing PMI dump tomorrow and the US employment data on Friday. Adding to the apathy is the end of the month and the quarter ending today, which usually sees quite a few rebalancing random price movements in New York across asset classes. As goo
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