 Strong risk appetite remains the main theme for today on trade optimism. Though, Dollar is trying to steal the show in early US session with stronger than expected inflation data. For now, Yen remains the weakest one for today. Euro follows as weighed down by poor industrial production data, then Swiss Franc. On the other hand, New Zealand was boosted by less dovish than expected RBNZ MPS today. At least, RBNZ suggests that it's not on track for a rate cut. Meanwhile, Aussie is supported by strong risk appetite based on trade-deal optimism. Trump indicated yesterday that he's willing to let the March 1 trade truce deadline with China slide a little. White House spokeswoman Sarah Huckabee Sanders was quoted by Fox news saying that Trump is weighing possibilities regarding China trade deadline. Though, the trade deal will only be finalized at Trump-Xi meeting. In Beijing, Treasury Secretary Steven Mnuchin said talks in Beijing are "so far, so good". US headline CPI slowed to 1.6% yoy in January, down from 1.9% yoy but beat expectation of 1.5% yoy. CPI core was unchanged at 2.2% yoy, beat expectation of 2.1% yoy. Core CPI has been at or above 2.2% for eight out of the past nine-months. In Europe, currently, FTSE is up 0.70%. DAX is up 0.44%. CAC is up 0.50%. German 10-year yield is up 0.144 at 0.0105. Earlier in Asia, Nikkei rose 1.34%. Hong Kong HSI rose 1.15%. China Shanghai SSE rose 1.84%, reclaimed 2700 handle. Singapore Strait Times rose 1.36%. Japan 10-year JGB yield rose 0.0051 to -0.005, staying negative. |
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