
Please try another search
Yen and bond bulls charged on Monday while stocks struggled again, amid ongoing worries that a prolonged U.S.-China trade war and damaging Brexit could tip top economies into recession.
Early gains for Europe’s main bourses had quickly disappeared and Wall Street futures were already in the red after Asia-Pacific had also finished lower overnight.
That was despite a more than 1% rally for Chinese stocks after the yuan had avoided further drama and financial regulators there had relaxed margin financing rules late on Friday.
Safety remained the name of the game. FX harbour, the Japanese yen, hit its highest in nearly a year and a half at 105.32 yen against the U.S. dollar and gained against the euro and Brexit-bruised British pound too.
“Risk indicators and global markets have become more shaky and the yen is reflecting those concerns, and safe-haven shelters like the yen and the Swiss franc should continue to benefit,” said Commerzbank (DE:CBKG) currency strategist Esther Reichelt.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.
Hedge Fund Tips with Tom Hayes – VideoCast Article referenced in VideoCast above: “What a Girl Wants” Stock Market (and Sentiment Results)… Okay, okay...
The US Dollar is at a 6-month high, oil is approaching $100 a barrel and China is beginning to reopen. What do all these things mean for global markets?Could we see a rebound in...
US futures are pointing to a slightly higher open as of 04:05 ET. European equity markets have opened in the negative territory, following mixed levels in Asian markets. Hawkish...
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
I feel that this comment is:
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.