Daily digest market movers: Enjoy it for now
- The Chicago Fed National Activity Index will be released at 12:30 GMT. The previous reading, for February, was at 0.05.
- The US Treasury is auctioning a 3-month and a 6-month bill at 15:30 GMT.
- In the commodity space, both Oil and Gas futures are falling as the tensions in the Middle East ease.
- Equity markets are having a sigh of relief. Asian equities are overall trading up by 1% in both Japan and China. European equities are in line with US equity futures, up near 0.5% on the day.
- According to the CME Group’s FedWatch Tool, expectations are further cementing for a no-change to the Fed’s monetary policy in June, with a small 17% chance for a rate cut.
- The benchmark 10-year US Treasury Note trades around 4.64%, recovering further after its decline on Friday to 4.50%.
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