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Shortly following the opening bell, US...........>

US
US: Shortly following the opening bell, US equities are green across the board,
following on from the positive performance in mainland Europe as well as
Asia-Pac markets. Financials lead the way higher in the US, with the sector
countering all weakness seen in real estate and utilities early Tuesday. The
positivity continues to stem from the hopes of a near-term resolution
surrounding the pending US government shutdown this Friday, although US 10yr
yields are well off the highest levels of the session as some doubts remain.
Yields continue to respect the recent range, failing to break meaningfully above
the 2.69% mark. Commodities are bouncing well, with WTI and Brent crude futures
rallying just shy of 3% piece, which is helping underpin outperformance in
commodity-tied FX (AUD, CAD, NOK among the top performers). Energy markets
rallied following reports that Saudi Arabia will continue to trim oil output by
more than required by the OPEC+ deal.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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