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Apple Woes Weigh On Equities, Tsy Yields Lower

CROSS ASSET

Pre-market weakness seen in Apple shares (-2.4% in latest indications).

  • Research pointing to a 24% Y/Y fall in Chinese iPhone sales through the first 6 weeks of ’24 is weighing on the name.
  • If the shares of the tech giant finish lower on Tuesday it would represent the fifth consecutive session of losses, with various factors weighing in recent days.
  • The NASDAQ 100 leads losses in e-minis, -0.6% as of typing.
  • This will be factoring in to the bid in US. Tsys & wider core global FI markets.
  • Fresh weakness in oil also provides some tailwinds for Tsys.
  • Spot gold moves to fresh all-time highs, aided by the move in yields.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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