News
Pre-New York: GDP beats, PCE in line as the ECB and Lagarde's exit take centre stage
Pre-New York: GDP beats, PCE in line as the ECB and Lagarde's exit take centre stage
- Since London: DXY 102.15 and US 10y yield 5.01% slightly softer after the data; gold -1.1%; Brent flat near $115 as an IRGC mines claim meets Europe's 42 million barrel reserve release; S&P futures -0.1% with Alphabet about -11% pre-market
FO view: A GDP beat with in-line core PCE keeps the Fed hike debate open, while the ECB and Lagarde's early exit now steer the euro into the cash open.
Not investment advice.