Global Markets:
- ·Asian Stock Markets : Nikkei up 0.41%, Shanghai Composite up 0.00%, Hang Seng up 0.26%, ASX up 0.63%
- ·Commodities : Gold at $1215.60 (-0.03%), Silver at $14.83 (-0.20%), Brent Oil at $76.48 (-0.03%), WTI Oil at $68.85 (-0.03%)
- ·Rates : US 10-year yield at 2.851, UK 10-year yield at 1.274, Germany 10-year yield at 0.376
News & Data:
- (EUR) German Ifo Business Climate 103.8 vs 101.9 expected
- PBOC lifts yuan mid-point by most in nearly 15 months, largely matching forecasts
- The Trifecta Effect Keeps Hammering the US Dollar
- Trudeau, Trump have 'constructive conversation' on trade, according to Canadian government
Markets Update:
Asian stock markets are in positive territory on Tuesday amid optimism that global trade tensions are easing after the U.S. and Mexico reached a new trade agreement that is intended to replace the North American Free Trade Agreement.
President Donald Trump also indicated the U.S. would soon begin negotiations with Canada, but suggested that any agreement could be a separate deal. The Japanese market is rising, extending its winning streak after the overnight gains on Wall Street following news that the U.S. and Mexico have reached a new trade agreement. In addition, a weaker yen lifted exporters' shares.
Over in the Greater China markets, Hong Kong's Hang Seng index was in positive territory in early trade, up by 0.26 percent – after gaining as much as 0.8 percent. In contrast, mainland Chinese stocks traded in relatively cautious territory. The Shanghai composite and the Shenzhen composite traded largely flat.
The dollar index paused near one-month lows against major currencies to stand at 94.84. Against the yen, the greenback held at 111.28. The euro was near a one-month top at $1.1680. The Australian dollar, which is often used as a liquid hedge for global growth, was a tad lower at $0.7331
Upcoming Events:
- 08:00 PM GMT – (EUR) M3 Money Supply y/y
- 12:30 PM GMT – (USD) Goods Trade Balance
- 02:00 PM GMT – (USD) CB Consumer Confidence
- 02:00 PM GMT – (USD) Richmond Manufacturing Index
- &more…
