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Asia Looks Ahead To U.S. CPI

CROSS ASSET

A generally muted Asia-Pac session thus far when it comes to broader cross-asset gyrations, with regional participants looking ahead to the impending U.S. CPI print (see our full preview of that release here).

  • That leaves U.S. Tsy yields unchanged across the curve, e-minis operating roughly in line with settlement, the broader USD marginally softer on the day (per the BBDXY) and benchmark oil futures consolidating yesterday’s gains.
  • The only exceptions to the broader muted markets trend (at least across the major barometers) involve an uptick in precious metals, as spot gold extends higher on a break through yesterday’s high, and the Hang Seng, which trades on the defensive after opening at essentially unchanged levels.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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