Asian stocks had a mixed start to the week, as China enacting more stimulus in the market resulted in Chinese stocks are Yuan to rise. Japan though came out with weaker than expected GDP figures.
On the European open we saw positive start in the Major Indices continuing with Asian session sentiment as the market reacted in a positive way on Chinese stimulus.
In Currencies the Euro still looks vulnerable against the US Dollar as it is still at risk from Coronavirus. It may continue to slide more against the the US Dollar & Swiss Franc as the impact of growth in Euro Zone due to Coronavirus threat may fuel the market’s expectation for further ECB easing. In Pound it might be a quite day today with no major data coming out from the UK to provide direction, but the bearish sentiment still persist in Pound & the main focus still remains on the trade deal between U.K. & the E.U.
In bonds Germany’s 10-year yield decreased less than one basis point to -0.41%,Britain’s 10-year yield advanced less than one basis point to 0.63%, Japan’s 10-year yield declined one basis point to -0.033%.
In Commodities West Texas Intermediate crude fell 0.1% to $52.01 a barrel, Gold weakened 0.2% to $1,580.96 an ounce , LME aluminum decreased 0.1% to $1,720.50 per metric ton.
