Global stocks were pressured this week as rising US bond yields and rate hike expectations soured appetite for stocks. Thursday’s main event risk will be the ECB policy meeting. Markets widely expect monetary policy to be left unchanged. The Dollar remains supported by rising Treasury yields, while Sterling, Euro, and Gold are under pressure.
– The #EURUSD remains pressured below 1.2200 – #Gold is hovering near a five-week low
Global stocks were pressured this week as rising US bond yields and rate hike expectations soured appetite for stocks. Thursday’s main event risk will be the ECB policy meeting. Markets widely expect monetary policy to be left unchanged. The Dollar remains supported by rising Treasury yields, while Sterling, Euro, and Gold are under pressure.
– The #EURUSD remains pressured below 1.2200
– #Gold is hovering near a five-week low
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