A look at the day ahead in global markets from Mike Dolan
surprising to the downside this week and euro zone numbers due on Thursday - the prospect of any monetary easing this year now seems a distant prospect.
A sweep of U.S. economic updates on Tuesday showed consumer confidence racing ahead last month, capital goods orders rising and further evidence of an impressive rebound in the U.S. housing markets. Presidentrecorded its best day in almost two weeks on Tuesday with gains of over 1%, Treasury bond yields backed up. Two-year yields are back above 4.7% and futures markets now don't price a full policy rate cut from current levels for almost a year, with at least one more hike in the interim.
Partly hampered by the chip wars report, Wall St stock futures gave up some of their gains, with Shanghai earlier ending in the red too. Japan's NikkeiIn currency markets, the dollarAlthough the People's Bank of China appeared to support the currency on Tuesday, it seemed to step back again today and endorse the move.
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