News
Pre-London: Brent firms on Iran report, yields hold above 5% before the Fed
Pre-London: Brent firms on Iran report, yields hold above 5% before the Fed
- Overnight: Australia September CPI 4.3% y/y vs 4.2% expected (prior 4.0%), Q3 CPI 3.9% in line; RBNZ held at 2.75% vs a 25bp hike expected, 4-3 vote, Breman says further hikes likely; German GfK -30.8 vs -30.9 expected
FO view: Hawkish Asia-Pac surprises and a dated Iran escalation risk keep US yields above 5% and oil bid, leaving Warsh little room to sound relaxed tonight.
Not investment advice.