Source - SMW
US markets made a cautious start to the week after a solid finish on Friday, with treasury yields coming under pressure and the dollar fading against the Euro, ahead of President Trump announcing the next Fed chair and with earnings season in full swing.

Shortly after the open, the Dow was down 0.07% at 23,418.35, the S&P 500 by 0.09% at 2,578.67, while the tech-focused Nasdaq was up 0.22% at 6,716.31.

European markets were also mixed this afternoon. The FTSE 100 down 0.1%, the Dax up by 0.16% and the CAC 40 by 0.06%.

COMMODITIES

WTI crude was 0.45% higher at $54.14 a barrel and Brent was up 0.41% at $60.69 per barrel.

By mid-afternoon (GMT), gold had advanced by 0.17% to $1,273.9 an ounce and silver was 0.05% to the good.

ECONOMIC NEWS

Personal income in the US increased $66.9bn (0.4%) in September, according to estimates released today by the Bureau of Economic Analysis.

In the same report, personal consumption expenditures (PCE) rose by 1%, while the personal consumption expenditures price index excluding food and energy - the so-called core PCE prices index - rose by 0.1%.

In addition, personal outlays were said to have increased by $132.5bn.