Securities:
Markets:
- NZD leads, GBP lags on this day
- European stocks up; S&P 500 futures up 0.6%
- US 10-year yields up 3.7 basis points to 4.660%
- Gold down 2.1% to $2,341.79
- WTI crude down 0.7% to $81.47
- Bitcoin up 1.5% to $65,915
As geopolitical fears fade, the risk appears to be rising again to start the new week. Gold and oil prices are being pushed lower, while stocks are hoping for a decent rebound after last week’s plunge. S&P 500 futures were slightly upbeat early, up about 0.2% as European traders entered. It is now up around 0.6% ahead of US trading.
Meanwhile, gold fell a bit during the session, falling from $2,370 to the current $2,341. The short-term chart is also not very promising for gold at the moment.
On the foreign exchange market, the dollar is stable but trading more mixed during the day. It is facing European currencies, but now at the antipodes, in a context of better mood for risk.
EUR/USD is down 0.2% at 1.0633 while GBP/USD is down 0.4% at 1.2313 on the day. USD/JPY remains supported around 154.75, with rising bond yields also helping. However, the 155.00 mark is a little too far at the moment. Next we have AUD/USD up 0.3% to 0.6435 and NZD/USD up 0.4% to 0.5905 on the day.
There haven’t been many other notable headlines to start the week, but things are sure to improve, judging by this week’s economic calendar.
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