By Chris Becker
Friday night saw US shares advance even further as the prospect of the Fed cutting rates firmed, while the USD lost ground against all the undollars except gold. US Treasury yields rose to a one month high but still unsettled with a much firmer than expected PPI print backing up the recent CPI print.
It should be a solid start here in Asia this week with a positive risk sentiment tailwind and lower USD, but there’s a slew of important Chinese data coming down the pipeline today, with the GDP print the obvious catalyst.