Title - Euro Dips on Growth Worries, U.S-China Trade Talks Still in Focus
Created 09/23/2019 at 09:05AM
JPY and NZD are the top G10 FX gainers today, up 0.17% and 0.13% vs the dollar while SEK and NOK are the top losers, down -0.68% and -0.48% vs the dollar.
Euro fell after German PMI (flash) for September came in weaker than expected, raising further doubts over the robustness of the Euro-area economy.
Elsewhere, there were fresh doubts over U.S.-China trade talks as Donald Trump said that purchases of farm produce may not be enough to stop U.S. tariffs.
In the Asian equities space, the Nikkei 225 closed up 0.16% at 22,079.09, Hang Seng closed -0.81% at 26222.4 and Kospi ended 0.01% at 2091.7. The European equities were trading weaker with the FTSE down -0.75% at 7289.57, DAX down -1.56% at 12273.28, and CAC down -1.15% at 5625.1. In the rates market, global yields were trading weaker; the US 10-year yield was trading at 1.6869% and the Bund 10-year yield trading at -0.584%. In the energy space, the Brent (front month) is trading up (0.09%) for the day at $64.34.
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