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Global Manufacturing PMIs are due today.

  • Main overnight story has been the OPEC surprised output cut, which triggered a large $4.40 upside gap in WTI.
  • Bund gaped lower overnight, with US Treasuries, as well as Equities, and the contract is seeing some downside continuation since the cash open.
  • Small support moves up to 135.45, , followed by 135.08.
  • Resistance is at 136.11 gap.
  • Today, sees Global mfg PMIs, but final readings for FR/GE/EU/UK/US, US ISM mfg.
  • SPEAKERS: ECB Simkus, Vujcic, Fed Cook.

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