Strong market sentiment continues

8 January, 2018

Chief Analyst, Allan von Mehren at Danske Bank suggests that global market sentiment continues to be strong with further decent increases in stock markets on Friday.

Key Quotes

“The Japanese market is closed today but other Asian markets continued the positive trend this morning. The US labour market report on Friday was on the soft side, suggesting that the Fed will continue to move slowly this year. On inflation, stock markets are seeing the best of all worlds at the moment with robust increases in producer prices feeding into profits, but with limited pass-through to consumer price inflation, which could make the Fed step on the breaks.”

“Over the weekend, China FX reservesfor December showed a bigger increase than expected. Reserves rose by USD20bn to USD3,139.9bn – the 11th increase in a row. USD/CNY is again trading close to the September lows below 6.5 after CNY has strengthened over the past three weeks in parallel with the general USD weakness over the same period.”


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