Make Hay While The Sun Is Shining

After a positive lead from Wall Street equity markets in the Asia-Pac region have pushed higher with prices in the green across the board. Markets in Taiwan lead the way higher, boosted by strong earnings from TSMC, markets in Japan up around 1.3% at time of writing helped higher by a drop in JPY which hit the lowest levels against the greenback since 2018. Markets in China higher; indices initially took a wobble after the PBOC rolled over MLF funds, refraining from injections, but recovered early losses after mortgage limits for banks were eased for the rest of the year amid worries of Evergrande contagion. In the US futures are higher, coasting on the positive sentiment yesterday engendered by strong earnings and robust employment market figures. In the US retail sales data for September crosses on Friday, with import/export price numbers also due.