Risk-on mood remains intact
Asian equities traded mixed and attempted to shrug off the weak handover from the US where there was a slight negative bias.
Gold gains more than 1% against the US dollar
Information is not investment advice
Midday Market View
European equities gained along with US equity futures as earnings results from American tech names have changed the negative sentiment. Although there is a risk of a second wave of COVID-19 which likely will put downward pressure on rates, however, risky assets are supported by fiscal and monetary stimulus.
Amazon, Apple and Facebook are rising on pre-market after stellar quarterly results.
Treasury yields slightly lower, while the dollar is little changed against both the EUR and the Yen.
Midday Key Point
- Gold gains more than 1% against the US dollar and currently trading at 1976. Intraday it reached up to 1980 which is a new record for the precious metal.
- GDP data from Canada is due.
- Chicago PMI also out at 15:45 CET today.
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Risk-on mood remains intact
Asian equities traded mixed and attempted to shrug off the weak handover from the US where there was a slight negative bias.
USD/RUB and USD/MXN: bouncing downwards
Let's trade exotics. The Russian ruble and the Mexican peso may gain some value against the US dollar in the short-term.
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