Weak PMI readings for Europe add to recession concerns
- Central banks continued to hike to address inflation (Philippines, Norway in session). Moves recirculate recession concerns and raise second thought
Source: fxstreet.com
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Markets continued to be concerned about aggressive central bank policy tightening
- Higher volatility as markets continued to be concerned about aggressive central bank policy tightening amid stubbornly high inflation. - Analysts ra
Source: fxstreet.com
UK PM Johnson to face a no-confidence vote on Monday
- Risk appetite found some tailwinds during Asia with Hang Seng outperforming at +2.7%. Sentiment turns positive due to covid restrictions relaxing in
Source: fxstreet.com
Risk appetite continues to find tailwinds
-Risk appetite drives forward after Wall Street snap's seven week losing streak. Asia closed 0.5-2.25% higher, Europe starts roughly 0.5-1.0% higher a
Source: fxstreet.com
Bond yields move lower as growth concerns percolate
EU Mid-Market Update: Bond yields move lower as growth concerns percolate; EU session subdued with market participants on sideline due to Ascension da
Source: fxstreet.com