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MNI EUROPEAN MARKETS ANALYSIS: Markets Muted, Equities Rally

  • The China stimulus news has given equity markets in the region a boost, with most in the green today. The Hang Seng has led the day for China’s key bourses.
  • The BBDXY USD index is moderately higher today after falling 0.2% on Friday. It has trended higher since its intraday low early in the session supported by a softer yen. While G10 moves have been muted, risk-sensitive Kiwi and Aussie have outperformed supported by stronger equities.
  • Cash US tsys are flat to 1bp richer in today’s Asia-Pac session after Friday’s modest sell-off. Cash tsys finished Friday weaker amid a cautious rise in risk sentiment, with the 2-year yield 6bps higher at 4.02% and the 10-year 4bps higher at 4.31%. Fed remains in Blackout until after Wednesday's FOMC policy announcement.
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US TSYS: Futures Give Early Strength Ahead Of Retail Sales

In today's Asia-Pac session, TYM5 is 110-20+, unchanged from closing levels, after giving up early strength. Today's high has so far been 110-26. 

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  • The China stimulus news has given equity markets in the region a boost, with most in the green today. The Hang Seng has led the day for China’s key bourses.
  • The BBDXY USD index is moderately higher today after falling 0.2% on Friday. It has trended higher since its intraday low early in the session supported by a softer yen. While G10 moves have been muted, risk-sensitive Kiwi and Aussie have outperformed supported by stronger equities.
  • Cash US tsys are flat to 1bp richer in today’s Asia-Pac session after Friday’s modest sell-off. Cash tsys finished Friday weaker amid a cautious rise in risk sentiment, with the 2-year yield 6bps higher at 4.02% and the 10-year 4bps higher at 4.31%. Fed remains in Blackout until after Wednesday's FOMC policy announcement.
unnamed

MARKETS
US TSYS: Futures Give Early Strength Ahead Of Retail Sales

In today's Asia-Pac session, TYM5 is 110-20+, unchanged from closing levels, after giving up early strength. Today's high has so far been 110-26. 

Keep reading...Show less