Selloff in risk markets halted today but trading has been rather subdued. Following general recovery in European stocks and yields, except Italy, Yen and Swiss Franc trade mildly lower. As usual, Dollar move in tandem with the two when trade war is the main theme. Canadian Dollar is the strongest one for today, following rebound in oil prices. Euro follows as second strongest so far.
The hard line rhetorics from China are getting a bit boring as they just repeated what have been said. Bloomberg reported that China has halted the goodwill soy bean purchases from US already but that’s hardly a surprise. China has been claiming that impact of trade war is manageable. But figures speak louder than words. We’ll finally see how sentiments turned with PMIs to be released in next Asian session.
In Europe, currently:
- FTSE is up 0.40%.
- DAX is up 0.26%.
- CAC is up 0.30%.
- German 10-year yield is up 0.0062 at -0.169.
Earlier in Asia:
- Nikkei dropped -0.29%.
- Hong Kong HSI dropped -0.44%.
- China Shanghai SSE dropped -0.31% to 2905.81, holding on to 2900 handle.
- Singapore Strait Times dropped -0.64%.
- Japan 10-year JGB yield rose 0.0114 to -0.081.
