NY Open Incrementalism

Global markets are retracing losses following reduced geopolitical tensions in the Middle East. Meanwhile, focus shifts to upcoming US CPI data and central bank policy actions in emerging markets.

Key Takeaways

• 1.Global markets show a modest recovery driven by de-escalatory rhetoric between Iran and Israel, despite mixed US economic data.
• 2.Indonesia's central bank delivered a surprise off-cycle 25bp hike to stabilize the rupiah, highlighting emerging market volatility.
• 3.US equity futures maintain a bullish bias but remain vulnerable to downside risks as participation softens ahead of CPI data.

Table of Contents

• Best of Wire
• In Focus
• Don't miss in G10
• Elsewhere
• Best of the rest
• Charts
• Major Releases Ahead

Document Preview

Page 1 of 1

Subscribe for full accessStart Free Trial