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A major US indices are trading higher in early US trading with the NASDAQ and leading the way. A snapshot of the market a minute into the open showing:
The small-cap Russell 2000 is trading up 18.18 points or 0.89 percent at 2053.90.
Looking at the US debt market, yields are little changed after trading lower early in the day:
The economic calendar is void of any releases today. The UK is on holiday.
We do have fed speakers:
Last week the Federal Reserve Rates unchanged. Fed Chair Powell was thought to be less hawkish saying that he does not expect a rate hike – taking that off the table at least for now.
His view was somewhat supported by the weaker US jobs report on Friday which sought non-farm payroll jobs increased by 175K versus 238 Ks fit. The unemployment rate ticked up to 3.9% from 3.8% while the average YoY declined to 3.9% its lowest level since early 2021.