Danger sentiment has been pretty bitter throughout main asset courses this morning.
• In FX we will see the AUD, CAD and NZD (excessive beta currencies) are the weakest, whereas the JPY is the strongest, with the USD a stunning rangebound right this moment.
• In equities, the speak of the city is China the place the HK50 and CN50 noticed some eye watering draw back to this point right this moment, with each nonetheless down double digits after the NDRC presser did not encourage new optimism.
• Commodities are decrease throughout the board, with the draw back in copper and iron ore largely related to the strikes throughout Chinese language markets. Vitality has additionally traded weak although with WTI working into strong resistance just under $79.
• Bonds have seen some very marginal upside (small draw back in yields), nevertheless it’s value preserving in thoughts that bonds have probably not been buying and selling on threat flows prior to now few days as inflation expectations and higher US information has been within the driver seat.
Danger off
