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Some price reversals

CROSS ASSET
  • Cross assets sees a mixed price action, pretty choppy in Govies on light volumes.
  • Estoxx initially closed the overnight downside opening gap, but trades back towards the lower end part of the range.
  • USD pare some of its early gains, but DXY still trade near its 20yr high.
  • Not too surprising a more muted start, with a week packed with speakers, and also include, Norway CPI (tue), US April CPI (wed), Sweden CPI (thur), UK GDP (thur), as well as German, Portugal, France, Spain final CPIs.

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