This Is Rare

One important corner of the market is deeply oversold with the index sitting just below all-time highs. The positioning set-up gets even more interesting.
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DXY gains on rising energy prices and higher yields; EU is reportedly preparing a temporary import cap on Chinese hybrid cards - Newsquawk US Market Open

  • US VP Vance said that Iran must make a "meaningful" reduction in its nuclear enrichment capacity to satisfy US demands and end the war.
  • The EU is reportedly preparing a temporary import cap on Chinese hybrid cars as EU-China talks begin on Thursday.
  • US equity futures fall, as the NQ underperforms as SpaceX begin talks to borrow USD 40bln for Nvidia chips.
  • DXY gains amid higher energy and yields, giving to further EUR pressure.
  • Fixed income benchmarks modestly lower; Bunds