We’re barely into the beginning of North American buying and selling for the month however to this point September resides as much as the billing of being a depressing month.
S&P 500 futures are down 0.5% and Nasdaq futures are a tad worse. The oil market is frightened a couple of resumption of Libyan manufacturing and poor demand, with crude down $1.15 to $72.40. Gold has been an incredible performer this yr however is giving some again as we speak, down $5. Bitcoin stays a tad larger on the day however is without doubt one of the worst performers previously month.
Bonds have been an incredible performer not too long ago however September is all the time a giant month for provide and ten-year yields have risen for 5 straight days coming into as we speak.
In FX, the greenback is re-establishing itself throughout the board with the antipodeans and yen notably delicate. The main target as we speak is on the economic aspect of the US financial system with the ISM manufacturing report, building spending and the ultimate S&P International manufacturing PMI. For extra, see the financial calendar.
