Morning Bid: On the fence

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Morning Bid: On the fence
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A look at the day ahead in European and global markets from Ankur Banerjee:

in China keep risk appetite in check, while the focus is shifting firmly to the Fed minutes due to be released later on Wednesday.

The market has been looking, almost clamouring, for signs of slowdown in the pace of interest rate hikes. The oft-looked-for but not-yet-sighted Fed pivot might be on the horizon. Or so the market hopes. Wednesday also happens to be PMI day with preliminary November readings scheduled to be released across the globe, with data from the UK and euro zone likely to take the centre stage.

And so, the dollar remains on guard, Asian equities mostly tracked Wall Street gains and gold stayed flat ., which remains in shock after Saudi Arabia came from behind to beat Lionel Messi's Argentina in the World Cup.

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