EU and US equity markets traded in a risk-on manner yesterday, following reports that China will seek an interim trade deal with the US. The talks are set to kick off today, with investors on the edge of their seats in anticipation of whether this would be the case. The pound surged after a report said the EU is ready to make “a major concession” on Brexit, but turned back down after Northern Ireland’s DUP said it would oppose such an offer. As for today, apart from the US-China and Brexit sequels, participants may also pay attention to the US CPIs for September.
Investors on the Edge of Their Seats in Anticipation of the US-China Talks
The dollar traded mixed against the other G10 currencies on Wednesday and during the Asian morning Thursday. It gained against JPY and CHF, while it underperformed versus EUR, GBP, and AUD. The greenback was found virtually unchanged against CAD, NZD, NOK and SEK.
From risk-off back to risk-on. Financial markets took another spin yesterday during the EU trading, following reports that China is willing to pursue an interim deal with the...
Read the full financial markets daily report on JFD Research.