🚨 GGMA Markets Briefing: Stocks and Dollar Slip as Democrats Sweep Congress
🇺🇸 Democrats won both chambers of Congress, sending US stock futures and the dollar lower and Treasuries higher.
💻 Technology led the losses after Texas's governor-elect called for a moratorium on new data centres.
🇳🇿 New Zealand's jobless rate rose more than expected. In our view, that eases the pressure on the RBNZ to hike.
🛢️ Oil edged higher as Iran and the US reviewed fresh mediator proposals after limited US strikes.
🥇 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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