Yen and Swiss Franc are back in control today as risk appetite falters again. Major European indices opened higher but quickly reversed. US futures now also point to lower open. DOW rebounded more 1000pts yesterday but it’s set to give back probably more than 400 at open. Today’s US consumer confidence data could be a key to stocks.
Commodity currencies are back in pressure again with Australian leading the way down. Dollar is trading softer against Euro and Sterling.
In Europe, at the time of writing:
- FTSE is down -1.11%
- DAX is down -1.95%
- CAC is down -0.32%
- German 10 year yield is down -0.012 at 0.239. We’d like to point out again that excluding the one day spike low at 0.186 in May, it’s now at the lowest level since July 2017.
- Italian 10 year yield is down -0.007 at 2.814
Earlier in Asia:
- Nikkei rose 3.88% to 20077.62, back above 20000
- Singapore Strait Times rose 1.12%
- But Hong Kong HSI dropped -0.67%
- China Shanghai SSE dropped -0.61% to 2483.09, now very close to 2449.19 low made in October.
- Japan 10 year JGB yield dropped -0.0039 to 0.023.
