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News & Data:
Markets Update:
It was another risk-off session overnight, as tensions between the US and North Korea keep traders worried. The Yen appreciated overnight, while the Dollar declined against most other major currencies. Gold rallied to $1295, a fresh 6-month high. Strong resistance is seen at $1300-10 however, and the commodity is looking slightly overbought in the short-term.
Even stronger than expected Chinese data did not help to improve market sentiment. The Shanghai Composite index fell more than one percent overnight. Japan's Nikkei 225 finished the trading day with a loss as well.
Volatility should remain rather low in the upcoming session, as most markets in Europe remain closed for a public holiday. However, US markets will reopen today, so it might pick up again in the afternoon.
- Asian stock markets: Nikkei down 0.05 %, Shanghai Composite fell 1.30 %, Hang Seng and ASX 200 closed for holiday
- Commodities: Gold at $1292 (+0.30 %), Silver at $18.59 (+0.45 %), WTI Oil at $52.75 (-0.80 %), Brent Oil at $55.45 (-0.80 %)
- Rates: US 10 year yield at 2.21, UK 10 year yield at 1.05, German 10 year yield at 0.19
News & Data:
- China GDP QoQ 1.3 % (exp 1.6 % prev 1.7 %)
- China GDP YoY 6.9 % (exp 6.8 % prev 6.8 %)
- China Industrial Production 7.6 % (exp 6.3 % prev 6.3 %)
- China Retail Sales 10.9 % (exp 9.6 % prev 9.5 %)
- China first-quarter GDP grows faster than expected 6.9 percent, steel output hits record - RTRS
- Japan says it's committed to G20 agreement on forex policy - RTRS
- Dollar hits five-month low vs. yen as North Korea tensions mount - RTRS
Markets Update:
It was another risk-off session overnight, as tensions between the US and North Korea keep traders worried. The Yen appreciated overnight, while the Dollar declined against most other major currencies. Gold rallied to $1295, a fresh 6-month high. Strong resistance is seen at $1300-10 however, and the commodity is looking slightly overbought in the short-term.
Even stronger than expected Chinese data did not help to improve market sentiment. The Shanghai Composite index fell more than one percent overnight. Japan's Nikkei 225 finished the trading day with a loss as well.
Volatility should remain rather low in the upcoming session, as most markets in Europe remain closed for a public holiday. However, US markets will reopen today, so it might pick up again in the afternoon.