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Spillover From Regional Equity Weakness Limited Thus Far

CROSS ASSET

Regional equities are pressured on Wednesday ahead of US CPI as the US debt ceiling impasse weighed on sentiment in equity markets. Hang Seng is down ~0.7% and CSI300 is down ~0.8%. Spillover to wider markets is limited thus far.

  • In G-10 FX ranges have been narrow with little follow through, BBDXY is a touch lower however there has been little follow through on moves.
  • E-minis are ~0.1% firmer and NASDAQ futures are little changed from opening levels.
  • WTI futures sit at session lows, they are down ~0.7%. Bloomberg Commodity Index is down ~0.2%.

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