In the key US economy, their factory PMI was weak with a renewed contraction in output as orders fall at sharper pace. The UST 10yr yield starts the year higher than where we left it on New Year's Eve, now at 3.95% and up +7 bps. The Kiwi dollar starts today at 62.5 USc and down almost -1c from where we left it on New Year's Eve. That all means our TWI-5 starts today just on 70.6 and down -50 bps. The bitcoin price starts today much higher at US$45,095 and up a sharp +7.9% from where we left it prior to the New Year.

Source: The Guardian January 03, 2024 11:38 UTC