<p>The always awesome Newsquawk US Market Open: European bourses/US futures under pressure amid a firmer USD & further debt downside</p><p><a target=“_blank“ href=“https://newsquawk.com/daily/article/?id=2669-us-market-open-european-boursesus-futures-under-pressure-amid-a-firmer-usd-further-debt-downside&utm_source=newsquawk&utm_medium=email&utm_campaign=newsletter&utm_content=us-open“ target=“_blank“ rel=“nofollow“>Full Note</a></p><p>Summary:</p><p>European bourses are under pressure following the strong gains seen in Tuesday’s session with fresh newsflow fairly limited heading into key US data, Euro Stoxx 50 -1.1%.</p><p>Stateside, ahead of those metrics which will be eyed for further clues around a ‚pivot‘, futures are under similar pressure</p><p>USD has benefited from a rebound in yields and perhaps on phycological/technical grounds, DXY nearing 111.00 to the detriment of peers</p><p>Core debt is pressured across the board with Gilts lagging despite upside from a well-received DMO outing; US yields firmer, though curve is slightly mixed</p><p>Crude benchmarks are currently dictated by broader risk and are modestly softer as such, though attention will turn to the OPEC gathering shortly</p><p>Consensus heading into OPEC is that there will be a sizeable production cut announced, the magnitude of which is unknown but source updates are becoming increasingly skewed towards the top-end of a 0.5-2.0mln range.</p><p>Looking ahead, highlights include US Final PMIs, US ISM Services, ADP, OPEC, speech from Fed’s Bostic.</p>

This article was written by Ryan Paisey at forexlive.com.