Risk appetite had a brief come back in Asia earlier today, after China pledges to strive to have a good start in 2019. But sentiments turned cautious in European session, ahead of the Brexit meaningful vote in UK commons. Sterling is clearly paring some gains because of that. On the other hand, Euro is weighed down by recession worries on Germany. The country reported annual growth of 1.5% in 2018, slowest since 2013. And there is risk of technical recession in Q3 and Q4 of last year.
For now, Canadian Dollar is the strongest one for today so far, followed by Dollar. Swiss Franc is the weakest one, followed by Euro. Markets could turn more cautious ahead of the Brexit vote. There is no exact time set, but it’s believed to be somewhere between 1900-2100 GMT.
In Europe, at the time of writing:
- FTSE is down -0.05%
- DAX is down -0.30%
- CAC is down -0.07%
- German 10-year yield is down -0.0223 at 0.209
Earlier in Asia:
- Nikkei rose 0.96%
- Hong Kong HSI rose 2.02%
- China Shanghai SSE rose 1.36%
- Singapore Strati Times rose 1.22%
- Japan 10 year JGB yield dropped -0.0123 to 0.013
