US crude rallies on July 4th demand & Hurricane Beryl | MarketTalk: What’s up today? | Swissquote

Show notes

The week started on a positive note but the positive vibes will likely leave their place to the chatter of scenarios regarding how the French will prevent Marine Le Pen from gaining a majority in the parliament in the second round of the legislative election this weekend. The euro and European equities are lower on Tuesday morning after early week rally. Eyes on Eurozone inflation data.
In the US, soft data didn’t prevent US bonds from falling as Trump win expectations lead to a steepening of the curve.
In the UK, Cable remains under pressure ahead of Thursday’s general election while the FTSE 100 can’t fully benefit from a softer sterling and a rapid rise in oil prices.
US crude rallies ahead of the July 4th holiday in the US and Hurricane Beryl.
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