9 Jul 2015
Shanghai Composite steadies global markets
The epicenter of the global market turmoil, Shanghai Composite, posted a sharp rise on Thursday, which helped trigger a similar move in riskier assets across the globe.
Safe havens fall
The traditional safe haven assets – Bunds, Treasuries, CHF, JPY fell, tracking the recovery in the risk sentiment. The treasury yields had dipped to five-week lows earlier this week due to the rout in the Chinese markets.
Equities rise
The equity markets across the Europe are on the rise. The German Dax and London’s Ftse have gained 1% each. The gains have been supported by the rise in the mining stocks. Moreover, the commodity prices also recovered today lending support to the mining stocks across the globe.
The risk-on sentiment could also be seen on the Wall Street. The S&P futures are trading up by more than 1%.
It remains to be seen if the risk-on sentiment remains intact till the NY closing. Moreover, the risk assets remain vulnerable to the Greece issue.
Safe havens fall
The traditional safe haven assets – Bunds, Treasuries, CHF, JPY fell, tracking the recovery in the risk sentiment. The treasury yields had dipped to five-week lows earlier this week due to the rout in the Chinese markets.
Equities rise
The equity markets across the Europe are on the rise. The German Dax and London’s Ftse have gained 1% each. The gains have been supported by the rise in the mining stocks. Moreover, the commodity prices also recovered today lending support to the mining stocks across the globe.
The risk-on sentiment could also be seen on the Wall Street. The S&P futures are trading up by more than 1%.
It remains to be seen if the risk-on sentiment remains intact till the NY closing. Moreover, the risk assets remain vulnerable to the Greece issue.