Dreary Eurozone PMIs triggered the EUR/USD’s initial decline amid early European trade Thursday, with downside further exacerbated by the press conference after the ECB interest-rate decision in which rates were left unscathed.
Broad-based US dollar selling, triggered by a sharp drop in 10-year Treasury yields, appears to be the primary catalyst behind the recent upsurge.
Global Markets: Asian Stock Markets : Nikkei down 0.06%, Shanghai Composite up 0.56%, Hang Seng up 0.40%, ASX up 0.38% Commodities : Gold at $1280.75 (-0.25%), Silver at $15.33 (-0.34%), Brent Oil at $60.87 (-0.44%), WTI Oil at $52.39 (-0.44%) Rates : US 10-year yield at 2.746, UK 10-year yield at 1.326, Germany 10-year yield … Continue reading Thursday 24th January: Asian markets broadly higher.
Global Markets: Asian Stock Markets : Nikkei down 0.19%, Shanghai Composite up 0.02%, Hang Seng up 0.08%, ASX down 0.26% Commodities : Gold at $1283.85 (+0.04%), Silver at $15.40 (+0.50%), Brent Oil at $61.91 (+0.67%), WTI Oil at $53.30 (+0.55%) Rates : US 10-year yield at 2.746, UK 10-year yield at 1.320, Germany 10-year yield … Continue reading Wednesday 23rd January: Asian markets lower as trade worries loom
On the data front, the ZEW Indicator of Economic Sentiment for Germany recorded an increase of 2.5 points in January 2019, and now stands at minus 15.0 points.
