 Global stock markets are staging a strong rebound today as China announced to cut bank reserve requirement to help the private sector and small companies. There is also a sense of optimism as China and US finally confirmed that trade talks will resume in Beijing early next week. US futures receive extra support from strong US employment data. DOW is set to open sharply higher again today. US 10 year yield is also trading up 0.0665 at 2.623, back above 2.6 handle. Reactions in the forex markets are relatively muted though. Dollar is trading to rebound against European majors and Yen for now. But there is no clear commitment seen yet. As for today, Australian and Canadian Dollar are the strongest ones, followed by Sterling. Yen is the weakest one, paring this week's strong gains. Swiss Franc is the second weakest as risk aversion eased. Focus will turn to Fed Chair Jerome Powell's comments. In European markets, FTSE is now up 1.119%, DAX is up 1.59%, CAC is up 1.21%. German 10 year yield is up 0.037 at 0.192. Earlier in Asia, Nikkei closed down -2.26%. But Hong Kong HSI rose 2.24%. China Shanghai SSE rose 2.05%. Singapore Strait Times rose 1.54%. Japan 10 year JGB yield dropped -0.0338 to -0.034. | 
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