Equity markets were a sea of green yesterday, as risk appetite remained supported for another day. White House economic adviser Kudlow said that more tariffs on China are not ‘set in stone’, which may have boosted somewhat further market sentiment. Among currencies, the pound was the big gainer following reports that the UK and the EU agreed on financial services. As for today, GBP-traders are likely to turn their attention to BoE’s ‘Super Thursday’ meeting.
Market Sentiment Stays Supported, Kudlow Says More Tariffs not ‘Set in Stone’
The dollar traded lower against most of the other G10 currencies on Wednesday. It lost the most against GBP, NZD and AUD, while it gained slightly against CAD and CHF. The greenback traded virtually unchanged versus EUR and NOK.
Although not so clear by the performance of the FX market, market sentiment remained supported for another day. Major EU and US indices were a sea of green, with risk appetite rolling into the Asian session Thursday. The only exception was Japan’s Nikkei 225, which closed 1.02% down.
Yesterday, White House economic adviser Larry Kudlow said that the US President has not ‘set in stone’ any decision for more tariffs on Chinese imported goods. He also said that the President could even pull
Read the full financial markets daily report on JFD Research.