Key news
– Another good day for equity markets.
– JPY continues to weaken and yields surge as Bank of Japan’s policy is seen as credible.
– The US government deficit is shrinking fast, taking pressure off politicians.
Markets Overnight
Equity markets had another good day yesterday with the S&P500 up 1% and Euro stoxx up 0.7% on the day. Overnight the positive sentiment has carried over to Asian trading driven by Japan’s Nikkei index, which set a new high since January 2008 after the yen broke a four and a half year low against the dollar, boosting the earnings outlook for exporters.
Click here to read the full report: FX Daily
Danske Bank