Positive earnings results have helped lift risk appetite in the overnight session as liquidity comes back to the market following Monday’s bank holidays in the UK and Japan, leaving European equities trading stronger by +0.6% to +1.4%. However, despite the positive mood in the overnight session, commodities and LATAM FX have been unable to benefit, with primary products opening softer (roughly ‐0.5), while LATAM FX proxy – MXN ‐ is opening flat.
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Scotiabank