A slew of event risk in the next 12‐hours—with quarter‐end rebalancings, China’s PMIs, Japan’s Tankan and the RBA meeting have left markets vulnerable. Into the open equities are generally soft, U.S. bond yields are at 2.52%, market volatility metrics are low and the USD is mixed; with the European currencies doing well and the growth sensitive currencies under downside pressure. Today’s data includes pending home sales, several regional PMIs and the Fed’s Williams (non‐voting dove).
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