Macro Morning (King carnage)

Advertisement

By Chris Becker

As the USD weakens, corporate earnings results “surprise” on the downside in the US, while the bond sell off continues in Europe, confidence is seeping out of risk markets as we head into the “Sell in May” season.

Recapping Asia yesterday, the Chinese markets fell around 1% taking off some heat after a flat day previously. It was in Japan where the Nikkei 225 was smashed, down nearly 3% to well below support 20,000 points following the poor overseas lead and Governor Kuroda speech:

nikkei225-d1-vantagefx-pty-ltd
Advertisement

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe