Strong risk appetite is the main theme today on optimism that US-China trade negotiation is 90% done. Poor US job data and UK services data are actually ignored. Entering into US session, Australian Dollar is the strongest one, lifted additionally by upside surprise in retail sales data. New Zealand Dollar follows as the second.
Euro is also firm, partly supported by German 10-year yield, which turns positive for the first time since March 25. Sterling is mixed as markets eye UK Prime Minister Theresa May’s Brexit meeting with opposition Labour leader Jeremy Corbyn
On the other hand, Yen is the weakest one on risk mode mode naturally. Dollar follows as it’s weighed down by worst ADP report in 18 months too.
In Europe:
- FTSE is up 0.06%.
- DAX is up 1.19%.
- CAC is up 0.58%.
- German 10-year yield is up 0.061 at 0.014
Earlier in Asia:
- Nikkei rose 0.97% top 21713.21, reclaimed 21000.
- Hong Kong HSI rose 1.22% to 29986.39, just missed 30000
- China Shanghai SSE rose 1.24% to 3216.30, above 3200 handle.
- Singapore Strait Times rose 0.96%.
- Japan 10-year JGB yield rose 0.0177 to -0.49.
