Here’s a super-quick guide to what traders are talking about right now.
Dave Lutz, head of ETFs at JonesTrading, has an overview of today’s markets.
The Fed’s hasn’t decided whether to unwind its huge balance sheet.
European markets are off slightly.
Emerging market currencies are getting slammed.
Oil is rebounding slightly after draws were higher than expected.
Morning! Different format as I run out to PT:
“Global Stocks Subdued as Bond Yields Climb” – Fed Minutes have peeps thinking Balance Sheet shrinkage starts in September. Germany’s 10YY ripping 7bp higher to 18month highs into ECB Minutes despite weaker German Industrial Orders. US 10YY up 4bp to 2.36%
Europe under some sharp pressure, with DAX off 90bp – Autos rebounding, but Travel and Leisure stocks under pressure