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Equities extend gains on the US cash open

CROSS ASSET
  • Equity futures extend their gains, following the higher US cash open.
  • Risk on is benefiting from cheaper money for longer, after the more Dovish Fed, and investors positioning for a slower pace of rate hikes.
  • The 10yr German Yield has broken through the May's low and now targets 157.87 High Apr 7 (cont) next in future
  • US 10yr Yield test its lowest level since the 14th April.

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