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Markets Today: Oil lower, Euro economy weaker
Two big stories overnight, another cathartic clean out in oil prices and more pressure from President Trump on the Fed after the Wall Street Journal suggested the Fed should pause. Stocks were down in Europe after the soggy session in Asia yesterday, the US market was showing green but has reversed into the red into the last hour of trade. Treasury yields are lower again, helped along the way by lower oil, led at the front end, perhaps with a degree of caution ahead of tomorrow’s FOMC. Among currency pairs, the CAD and NOK have been the underperformers, followed by the AUD. The market wants to take oil lower and ... (full story)