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Markets Today – Better in the U.S.A.
Better than expected US data releases and hawkish ECB talk are two main macro themes from the price actions overnight. US equities embraced the positive vibes from Asia and then better than expected US data releases provided an additional tail wind, US Consumer confidence reading is now the best since early 2022. In contrast, European equities were little changed with hawkish ECB talk dampening the mood. The belly of the curve led a rise in UST yields while the USD lost a bit of ground. European FX led the charge against the greenback, the AUD is a tad stronger while JPY extended recent weakness. Overnight US data ... (full story)