The risk appetite dwindles during early Tuesday, after an optimistic start of the week, as traders seek more clues to defend the previously firmer sen
S&P500 Futures struggle to defend two-day winning streak, yields remain pressured.US CB Consumer Confidence will entertain intraday traders ahead of key inflation, employment data.dwindles during early Tuesday, after an optimistic start of the week, as traders seek more clues to defend the previously firmer sentiment, especially amid a light calendar in Asia and a few macro headlines to track.
Headlines suggesting challenges for the global central bankers, due to the mixed data and looming recession woes, keep traders on their toes after the policymakers defended their respective hawkish practices at the last week’s Jackson Hole Symposium. Elsewhere, the mixed updates about the US-China trade talks in Beijing join the International Monetary Fund Director Kristalina Georgieva’s readiness to visit the senior leaders of China’s Communist Party prod the risk appetite.
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