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Oil Firms, US Equity Futures Lower, Spillover Limited in FX & Tsys

CROSS ASSET

Oil has firmed this morning after the cancellation of a summit in Jordan between President Biden and Arab leaders. WTI is up ~2% rising above $88/barrell, to fresh highs back to early October. US Equity Futures are lower, e-minis are down ~0.3%, as are NASDAQ futures.

  • Elsewhere US Tsys are a touch richer and the USD is marginally firmer however the spillover is limited thus far as both spaces remain well within recent ranges.

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