• MacroVisor
  • Posts
  • Breakfast Bites - Largest OpEx and Slowing PMIs

Breakfast Bites - Largest OpEx and Slowing PMIs

PMIs slow in Australia and Europe; US Housing still under pressure

Rise and shine everyone.

It’s Options Expiry day. Since today is also the quarterly expiry, we have reportedly the highest level of expiry, ever!

This could certainly make things dicey today. GS reports $5.1 Trillion. ⤵️

Over in Asia, we saw the USD/JPY cross 160 yet again. We had Japan’s PMI readings come in softer and inflation numbers come in mostly higher. Japanese equities, however, didn’t react much to the macro data. Other Asian markets also closed mostly lower, after yesterday’s US close.

Europe is mixed this morning with the UK higher and the rest of the Euro Area showing some weakness after PMIs showed a slowdown.

US equity futures are also lower, when Nvidia pulled back late in the day yesterday, after crossing the $140 mark. Most of the Mag 7 remains muted in the pre-market. UST yields are lower as well. Commodities are also seeing pressure, other than Gold and Platinum while the US Dollar Index is flat.

Subscribe to MacroVisor Premium to read the rest.

Become a paying subscriber of MacroVisor Premium to get access to this post and other subscriber-only content.

Already a paying subscriber? Sign In

A subscription gets you:
Ideas - Exclusive cross-asset strategies for swing trades and investments
Thematic Research - Identifying investible trends that present opportunities
Weekly Dashboard - Outlook on the Markets and Asset Classes - US, Developing Markets, Emerging Markets, Commodities, FX
Breakfast Bites - Analysis of developments around the world and their potential impacts on the economy and markets twice a week

Join the conversation

or to participate.