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MNI EUROPEAN MARKETS ANALYSIS: Gold To Fresh Record Highs

  • There has been a modest risk off tone today but only in selected markets. US equity futures are down, while oil has risen a touch and gold is at fresh record highs. Israel launching strikes into Gaza, targeting Hamas, has raised Middle East geopolitical concerns.
  • The USD index is higher, but traditional safe havens like yen, aren't outperforming. Cash US tsys are 1-2bps richer, with a steepening bias, after yesterday’s twist-flattening.
  • In the EM space, Indonesian equities have slumped more than 6%. A variety of drivers look to be in play. This also comes ahead of tomorrow's central bank decision. Regional equities elsewhere have mostly tracked higher.
  • Later US February housing data, IP/capacity and trade prices print. Euro area January trade, March ZEW survey and Canadian February CPI are also released.
dahsboard (Mar 18 2025)

MARKETS

US TSYS: Cash Bonds Slightly Richer, Focus On Tomorrow's FOMC

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  • There has been a modest risk off tone today but only in selected markets. US equity futures are down, while oil has risen a touch and gold is at fresh record highs. Israel launching strikes into Gaza, targeting Hamas, has raised Middle East geopolitical concerns.
  • The USD index is higher, but traditional safe havens like yen, aren't outperforming. Cash US tsys are 1-2bps richer, with a steepening bias, after yesterday’s twist-flattening.
  • In the EM space, Indonesian equities have slumped more than 6%. A variety of drivers look to be in play. This also comes ahead of tomorrow's central bank decision. Regional equities elsewhere have mostly tracked higher.
  • Later US February housing data, IP/capacity and trade prices print. Euro area January trade, March ZEW survey and Canadian February CPI are also released.
dahsboard (Mar 18 2025)

MARKETS

US TSYS: Cash Bonds Slightly Richer, Focus On Tomorrow's FOMC

Keep reading...Show less