European stock market close 27 January 2016
- FTSE +0.9%
- Cac +0.3%
- Dax +0.4%
- Ibex +0.8%
- FTSE Mib -0.4%
European bonds
- Italy 1.50% -1bp
- Spain 1.62% -2bp
- Portugal 2.95% -4bp
- Germany 0.443% flat
- Greece 9.47% -23bp
European bonds
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Gold & silver rebound 10%+ after historic drop, luring dip buyers. Watch for continued volatility!
Investor views on a potential Warsh-led Fed remain mixed, with rate futures still pricing two cuts this year. While some see scope for a dovish productivity-led narrative, others remain cautious, leaving pricing steady but conviction limited.
Cotton futures dip 36 pts as ICE stocks rise. Coffee prices tumble on Brazil rains, while oil jumps $1.76 on geopolitical tensions.
Live cattle futures jump $2.10-$2.40 on strong cash trade; feeder cattle up $1.57-$2.05. Boxed beef mixed.
Lean hog futures rally $1.55 on strong USDA hog price; pork cutout up $1.67. Watch slaughter numbers!
Corn futures climb 2-3 cents on record ethanol use & South Korean import. Traders eye EIA data for output shifts.
Wheat futures mixed; SRW steady, HRW fractionally mixed, spring wheat down. Coffee rebounds on short covering.
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