• European bourses are modestly firmer, whilst US equity futures are mixed with slight underperformance in the NQ
• Dollar is incrementally higher and the JPY continues to underperform
• Bonds are mixed with Gilts paring back Tuesday’s gains
• Crude is firmer and near session highs, base metals are mixed but with outperformance in Copper
• Looking ahead, ECB Operational Framework Review, Speech from ECB’s Cipollone & RBNZ’s Conway, Supply from the US

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