The US economic calendar is light with only the NAHB home builder sentiment survey coming up at 10 am ET (1400 GMT). It’s expected to remain steady at 75.
– JPY leads, CAD lags on the day
– European equities lower; S&P 500 futures down 1.6%
Nothing we haven’t heard before but let’s see on the inflation path. The ECB anticipates that inflation in the region is to peak around November but amid supply bottlenecks and capacity constraints, high cost pressures will continue for many more months surely.
Yup, I reckon we’ll all be getting a constant repeat of this message until year-end – that being the ECB will continue to keep up with APP purchases even when PEPP ends.
We’re back here once again for CAD/JPY after the warning from earlier today .
With oil pressured down by 2% to $70.50 and 10-year Treasury yields marked down by 4 bps to 1.33%, the pressure is on as sellers look to make the most of the situation and go in