<p><a target=“_blank“ href=“https://newsquawk.com/daily/article/?id=2838-us-market-open-sentiment-soured-despite-a-french-inflation-induced-move-higher-us-eci-due&utm_source=newsquawk&utm_medium=email&utm_campaign=newsletter&utm_content=us-open“ target=“_blank“ rel=“nofollow“>The Newsquawk US Market Open: Sentiment soured despite a French inflation induced move higher, US ECI due</a></p><p>Key Points:</p><p>European bourses are lower across the board, Euro Stoxx 50 -0.6%, as the upside after France’s CPI fizzled out and reverted back to softer APAC performance.</p><p>Stateside, futures are similarly pressured and have been in-fitting with European peers throughout the session ahead of key Employment Cost data, ES -0.5%.</p><p>USD is on the front foot amid the downturn in risk sentiment, EUR pressured post-French CPI while Antipodeans lag despite strong Chinese PMIs</p><p>EGBs are currently mixed/flat, despite pronounced action throughout the session in the wake of French and EZ data points, Bunds are currently towards the lower-end of 136.54-137.30 parameters.</p><p>Crude benchmarks have been moving lower throughout the session as sentiment sours somewhat as we move closer to the week’s key risk events</p><p>Looking ahead, highlights include US Employment Costs, Consumer Confidence. Earnings from Exxon Mobil, Marathon Petroleum, General Motors, Phillips 66, UPS, Pfizer, SYSCO, Caterpillar, AMD, Electronic Arts & Snap.</p>

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