Daily Snapshot

Daily Snapshot – 11 July 2024

There was a period this morning with the sun shining, England fans happy and flurry of business that felt like the summer lull was going to briefly take a pause. That being said it was U.S. CPI day which ended up, as it always does, sucking most of the life out of markets for the morning. However it was worth waiting for and good news when it came. Cooler than expected MoM at 0.1% for core and what seems like another step in the right direction. 4.2% on the 10yr is a key short term support and…

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