Even though US non-farm payroll report came in much stronger than expected. There is no apparent buying in Dollar as initial reactions. Weaker than expected wage growth seems to be a factor that's capping the greenback's strength. On the other hand, stocks are apparently boosted with DOW futures trading up 140 pts at the time of writing. 10 yield yield was shot up to above 2.56 but quickly dips back to 2.54. Traders would need some more time to digest the implications. In the currency markets, commodity currencies are indeed the strongest ones at the time of writing, with help from stock futures rally. Euro remains the weakest for today, followed by Sterling and then Swiss Franc. Dollar and Yen are mixed. In Europe, currently, FTSE is up 0.82%. DAX is up 0.52%. CAC is up 0.37%. German 10-year yield is flat at 0.033. Earlier in Asia, Hong Kong HSI rose 0.46%. China Shanghai SSE rose 0.52%. Singapore Strait Times dropped -0.03%. Japan stayed in 10-day holiday. |
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