ASIA WRAP: Tariff delay drives risk rally


*Tariffs delayed as "gesture of good will"
*All eyes on ECB package
*CBT meeting + US CPI yet to come



FX:

2019_09_12-Market-Wrap-Table.PNG


Equities:

  • Equities were buoyed through Asia by Trump's symbolic gesture in which he delayed 5% tariffs due Oct-1 by two weeks. 
  • ASX finished higher +0.18%. 
  • S&P500 futures led equities, +0.21%. 
  • CSI300 was stronger 0.54%. 
  • Nikkei futures rallied +1.11%. 
  • Hang Seng futures were softer -0.17%.

Fixed Income:

  • US 10y yields and AUS 10y yields ticked higher continuing September's bond sell-off. 

Commodities:

  • Brent crude pared some of yesterday's losses, up +0.56% on a day dominated by Trump's gesture. 
  • Gold and Silver were little changed ahead of ECB September. 



Back