A truly mixed morning so far after big moves this week (more)
Posted: 2017-03-03 11:52:40European equities are mixed with German DAX and UK FTSE down ~15bp, while French, Italian, and Spanish bourses up 50bp or more.
US Equity Futures currently predicting a +10 point move for the DOW.
FX rates are a bit of a mixed bag as well with USD rising v JPY & GBP, and falling against EUR & CAD.
Mixed bag on the data front as well:
Today’s big events will be first and foremost comments from Fed Chair Janet Yellen who will be speaking at the Economics Club of Chicago, where traders will parse her comments for hints about a potential rate hike later this month.
Fed Fund Futures are currently pricing in a 74% chance of a hike at said meeting, having risen from 30% just one week ago.
We will also get a look at ISM non-manufacturing data which is expected at 56.5.