 A new round of US tariffs on Chinese imports took effect today and market reactions are rather muted. Trump stepped up his hard-line rhetorics and tweeted he's in no rush to make a trade deal. Yet investors shrug off such comments. Sterling also paid little attention to UK GDP and production data. Instead, Canadian Dollar steals the show with strong April job data. For now, Canadian Dollar is the strongest one for today, followed by Swiss Franc and then Kiwi. Dollar is the worst performing one followed by Yen. However, for the week, Yen remains the strongest one, followed by Swiss Franc on risk aversion. Sterling is the weakest on Brexit impasse, followed by Kiwi and then Aussie. In Europe, currently, FTSE is up 0.26%. DAX is up 0.71%. CAC is up 0.39%. German 10-year yield is up 0.008 at -0.039, staying negative. Earlier in Asia, Nikkei dropped -0.27%. Hong Kong HSI rose 0.84%. China Shanghai SSE rose 0.31%. Singapore Strait Times rose 0.12%. Japan 10-year JGB yield rose 0.0019 to -0.044. |
