US Market Open: Soft Chinese data impacts sentiment, DXY bid & US yields elevated
05 Sep 2023, 11:25 by Newsquawk Desk
- European bourses/US futures are subdued as soft Chinese data weighs on sentiment, though equities are off lows as the US returns
- DXY continues to climb with risk-aversion and accompanying yield upside fuelling the strength, Antipodeans lag given the China data while the RBA was as-expected
- Core fixed benchmarks are in the red with action occurring around the EZ/regional and UK PMIs but for the most part this has been shortlived; US yields bid across the...