US stocks steam out of the blocks while Fed hike odds drop

US stock market open 9 November 2016

  • S&P -14pts to 2126

  • Dow -71pts to 18261

  • Nasdaq -5pts to 5188

US 10 year yields 1.96% +10bp

Those stock numbers above are the opening credits but we've already seen them turn positive.

Fed odds for a Dec hike are now at 78.0% vs 84.0% yesterday.

Keep an eye on yields too. These early exchanges might not be indicative of any real move just yet.

In FX, USDJPY is back up above 104 while EURUSD got crunched down to 1.0954. Cable is holding steady above 1.2460 for now.

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