๐จ GGMA Markets Briefing: Stocks and Dollar Slip as Democrats Sweep Congress
๐บ๐ธ Democrats won both chambers of Congress, sending US stock futures and the dollar lower and Treasuries higher.
๐ป Technology led the losses after Texas's governor-elect called for a moratorium on new data centres.
๐ณ๐ฟ New Zealand's jobless rate rose more than expected. In our view, that eases the pressure on the RBNZ to hike.
๐ข๏ธ Oil edged higher as Iran and the US reviewed fresh mediator proposals after limited US strikes.
๐ฅ Gold rallied as the dollar and Treasury yields fell.
Today's Macro Roadmap: Sweden's Riksbank decides at 09:30 CET, and euro-area flash inflation is due at 11:00 CET. In the US, ADP payrolls follow at 14:15 CET, the Treasury's refunding statement is due at 14:30 CET, and the ISM services index is due at 16:00 CET.
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