- Asia stocks finished lower with the China stocks sharply lower across the board: HSI -1.82% CSI -2.03% NKY -0.31%, NFTY -0.91% and the ASX -0.03%
- The USD/CNY has strengthened significantly as US – China trade discussions remain unresolved. USD/CNY at highest levels since December 2017. China’s President Xi warned provinces to be prepared for a full-scale trade war & country will seek to reduce holdings of US Treasuries
- Global appetite for risk is reduced as bonds are higher globally. The biggest moves are in Europe’s periphery region with Italian, Spanish and Portuguese bonds rallying the most
Submitted June 27, 2018 at 07:15AM by QuantalyticsResearch https://ift.tt/2lDDK0j
No comments:
Post a Comment