Entering into US session, risk aversion seems to have eased a little bit in European markets, with major indices pared back much of earlier losses. But Yen remains overwhelmingly the strongest one, thanks to falling European yields. Canadian Dollar follows as the second strongest as WTI crude oil manages to stay in tight range above 45, for now. Dollar is the third strongest.
Meanwhile, Sterling is the worst performing one despite stronger than expected PMI manufacturing. The Pound is reversing the unexpected strong gains on Monday. Australian Dollar follows as second weakest. Euro and Swiss franc trail.
In Europe:
- DAX dropped to as low as 10386.97 but it’s now at 10551, down only -0.07%
- CAC hit as low as 4606.20 but it’s now at 4665, down -1.37%.
- FTSE reached as low as 6599.48 but it’s now back at 6694, down -0.50%
- German 10 year bund yield, however, is still in decline and is down -0.081 at 0.162, lowest since April 2017
Earlier in Asia:
- Hong Kong HSI dropped -2.77% to 25130.35
- China Shanghai SSE dropped -1.15% to 2465.29, very close to 2449.19 low made in October.
- Singapore Strait Times dropped -0.97% to 3038.89
- Japan was on holiday today
