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(Z2) Sell-Rallies Theme Intact


Post-Fed Dynamic & Payside Swap Flows Aid Cheapening


Japanese Markets Closed


Another Round Of NZGB Cheapening

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STOCKS: Global stocks were roiled amid risk-off flows as US President Trump
ordered the US Trade Rep to identify an additional $200bln in Chinese goods for
tariffs at a rate of 10%, this is a larger nominal amount than had been
expected. A second bout of risk off flows hit after China vowed to take strong
countermeasures if the US issues a new sanctions list.
- The Nikkei, along with the returning Hang Seng & CSI 300 experienced broad
losses, as did US index futures, however, Australia's ASX 200 outperformed and
managed to add 0.3% as the health care and energy sectors led the way higher.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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