Wall Street traders drove a rotation away from high-profile chipmakers and toward a broader category of stocks, while also fuelling a push for bond safety. [08:30 ET] US PPI broadly higher than expected [USD & Yields strengthened, Index Futures weakened] [08:24 ET] US tells IEA nations it’s unhappy with emergency oil release, and has suggested supplementing oil release with extra 100mln bbl. [Oil weakened]
Wall Street traders drove a rotation away from high-profile chipmakers and toward a broader category of stocks, while also fuelling a push for bond safety. [08:30 ET] US PPI broadly higher than expected [USD & Yields strengthened, Index Futures weakened] [08:24 ET] US tells IEA nations it’s unhappy with emergency oil r