Key news
– Stronger-than-expected US labour market data boost confidence in the global recovery and global stock markets rise.
– Prime Minister Razak won the Malaysian elections. Local markets rally on the news.
– Oil prices rise on growth optimism and increased geo-political concerns.
Markets overnight
Stronger-than-expected US labour market numbers on Friday boosted risk appetite. US stock markets ended higher and Asian markets are also trading higher this morning. Malaysian stocks rose to a historical high after Prime Minister Najib Razak won yesterday’s general election but the Japanese stock market is slightly down. The Malaysian Ringgit also strengthened on the election results.
Click here to read the full report: FX Daily
Danske Bank