US Market Open: Pronounced reaction to European PMIs, USD bid and yields lower; US data & NVDA due
23 Aug 2023, 11:25 by Newsquawk Desk
- European bourses & US futures are firmer and back towards best as lower yields take precedence over European growth concerns
- Germany’s PMI saw a marked contraction for services and a bleak accompanying GDP nowcast, input costs increased in the EZ for the first time in 11 months
- USD benefits as EUR & GBP decline following dire PMIs while JPY outperforms as yields tumble
- Mentioned data has trimmed the probability of ECB/BoE tightening,...