 European majors remain generally firm today. In particular, Euro is supported by the view that ECB has done with policy easing after yesterday's stimulus package. Such view is supported by rare open criticism on the measures by ECB officials. Commodity currencies are generally softer together with Dollar. Over the week, Sterling will likely end as the strongest one, followed by Euro, Yen is the weakest, followed by Kiwi and then Canadian. In Europe, FTSE is currently down -0.15%. DAX is up 0.37%. CAC is up 0.21%. Germany 10-year yield is up 0.039 at -0.479. Earlier in Asia, Nikkei rose 1.05%. Hong Kong HSI rose 0.98%. China Shanghai SSE rose 0.75%. Singapore Strait Times rose 0.52%. Japan 10-year JGB yield rose 0.0538 to -0.156. US retail sales rose 0.4% to in August, above expectations of 0.2%. Ex-auto sales, though, rose 0.0% mom, below expectation of 0.1% mom. Import price index dropped -0.5% mom, matched expectations. |
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