Draghi's Last Stand - What to expect
Created 10/24/2019 at 09:23AM
SEK and NOK are the top G10 FX gainers today, up 0.39% and 0.06% vs the dollar while NZD and AUD are the top losers, down -0.45% and -0.35% vs the dollar.
Elsewhere, Swedish Krone rose 0.65% as the Swedish central bank continued with its plans to raise interest rates in the next month. The Norwegian Krone was also trading firm - thanks to a surge seen on Wednesday in oil prices - despite a relatively dovish message from the Norges Bank.
In the Asian equities space, the Nikkei 225 closed up 0.55% at 22,750.60, Hang Seng closed 0.87% at 26797.95 and Kospi ended 0.24% at 2085.66. The European equities were trading firm with the FTSE up +0.65% at 7308.02, DAX up +0.44% at 12854.51, and CAC up +0.32% at 5671.68. In the rates market, global yields were trading mixed; the US 10-year yield was trading at 1.7555% and the Bund 10-year yield trading at -0.386%. In the energy space, the Brent (front month) is trading down (-0.72%) for the day at $60.73.
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