US Market Open: Bourses are rangebound, GBP hit and Gilts lifted on CPI; Fed's Harker due
18 May 2022, 11:45 by Newsquawk Desk
- European bourses are rangebound and relatively directionless, Euro Stoxx 50 U/C, taking impetus from a mixed APAC session which failed to sustain US upside.
- DXY supported, but off best, as GBP slips on marginally sub-forecast CPI while EUR fails to derive support from ECB officials repeating summer guidance
- Gilts the noted outperformer post-CPI, lifting Bunds and USTs with them initially, though the latter two have failed to sustain such...