Optimism is spreading to Asia too – we expect a strong start to the session

Asian markets are expected to launch strongly. Optimism also spreads to countries in the east that the world economy will be able to recover faster than the coronavirus.

Futures in Tokyo, Sydney and Hong Kong indicate that markets are headed for a third consecutive day of growth.

Sentiment further supports after Xi Jinping’s statement that China will be able to live up to its economic development expectations despite the contagion.

The Nikkei 225 is up 0.4%, the Hang Seng is up 0.5% and the ASX200 is up 0.6%.

The yen is down 0.3% with an improvement in risk, the offshore yuan is also down 0.1% and the euro is up about 0.4%.

Gold held the area at $ 1565.64. Crude WTI is up 3.3%.

Source: Bloomberg Finance L.P.
Graphs: Used with permission of Bloomberg Finance L.P.

 Trader Martin Nikolov

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