By Chris Becker
Trumps continued shutdown had no material impact on risk markets overnight with a fourth straight day of gains on Wall Street after the latest Fed minutes showed a relaxation of the continued interest rate hike agenda. This sent all the majors up against USD, which took the rug out from European equity gains as the Euro soared higher, while Treasury yields continued their own move higher as futures pricing for rate hikes continued to plummet.
Recapping Asia’s session yesterday first where the Hang Seng Index soared over 2%, closing at 26462 points. This is well above previous support at 25600 and sets up a new rally to get back above the previous highs at 27000 points:
Advertisement