 Economic data from the US shows the sharpest labor downturn in history due to coronavirus pandemic. Yet, the financial markets have little reactions to the terrible data. US futures are pointing to higher open while European indices are in black. Investors are somewhat relieved by a formal statement by US Trade Representative regarding the "good progress" made in US-China trade deal implementations. In the currency markets, Yen is currently the weakest one for today, followed by Dollar and then Euro. Commodity currencies are the strongest. As for the week, Euro, Swiss Franc and Sterling are the worst performing ones. Commodity currencies are the best. There might not be any special technical breakthroughs before weekly close. In Europe, currently, FTSE is up 1.40%. DAX is up 1.26%. CAC is up 1.15%. German 10-year yield is up 0.0133 at -0.532. Earlier in Asia, Nikkei rose 2.56%. Hong Kong HSI rose 1.04%. China Shanghai SSE rose 0.83%. Singapore Strait Times rose 0.01%. Japan 10-year JGB yield dropped -0.0023 to -0.002. | 
No comments:
Post a Comment