New solid start to the trading day, keeping the yen weak again, just like yesterday.
Markets remain calm, with shares gaining ground, while bond yields are only slightly out of yesterday’s levels. Asian assets have seen solid gains, but the risk of sentiment has generally remained modest since the start of the European session. I expect these sentiments to linger at least early in the day, with positive news from China giving fresh hope to investors that the trade war will soon be an unpleasant memory, quickly fading through the green lights of their monitors.
Looking at the day ahead, there is no economic news to lead traders’ hands, so I expect a big sip of sentiment life to come from the ECB, which will inject new stimulus into the economy.
Trader Aleksandar Kumanov