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Low and slow Coronacount keeps equities.......>

FOREX
FOREX: Low and slow Coronacount keeps equities supported
- While the overall number of cases of Coronavirus reported in Hubei province
grew over the weekend, the pace of growth slowed sharply, helping lending a
supporting hand to equity markets overnight. This was particularly evident in
China, where the CSI300 closed with gains of over 2%. Much of this sentiment has
fed through into European and US futures, which trade with pretty broad-based
gains.
- As a result, the JPY sits slightly lower, helping USD/JPY narrow the gap with
Y110 and AUD/USD recover off the Friday lows. Commodities also look slightly
healthier, with CAD recovering modestly. Implied vols are suitably lower for
much of DMFX as the mood improves.
- A market holiday in the US will restrict liquidity and volumes Monday, which
may struggle to recover for the rest of the week given school holidays in the US
and UK.
- There are no material data releases Monday, keeping focus on comments from ECB
chief economist Lane later today.
Energy BulletsCommodities
Energy BulletsCommodities

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