Tuesday: Weak US data thumps yields lower
Jun 03, 2024•10 min
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Episode description
US Treasury yields and stocks fell overnight as weak manufacturing and construction data indicated monetary policy is reducing demand in the US; The Aussie and Kiwi are up as the US dollar fell. Oil fell 3.7% on supply news out of OPEC+. India’s Nifty 50 stocks index rose 3.3% after exit polls indicated a third term for PM Narendra Modi.
In our bonus deep dive interview, ANZ FX Analyst Kausani Basak looks at why imports across Asia have started to improve since bottoming out last year.
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