Summary Large bourses in the Asia-Pacific region were mixed, but China and Hong Kong stand out. Europe’s STOXX 600 is nursing a small loss for the second consecutive session. US equity futures have a slightly heavier bias. The dollar has turned mostly higher in the European morning after the euro and sterling extended their recent gains. CAD and AUD are holding on to small gains. Among EM currencies, the South African rand is snapping back after losing 2.5% last week amid domestic political tensions. The Chinese yuan continues to recover. yanjf/iStock via Getty Images Overview The markets remain hopeful about a reopening in China and continue to pour into Chinese stocks on the mainland and Hong Kong. The index of Chinese companies that trade in the US rose nearly 22.4% last week. Large bourses in the Asia-Pacific region were mixed, but China and Hong Kong stand out. Europe’s STOXX 600 is nursing a small loss for the second consecutive session. US equity futures have a slightly heavier bias. European 10-year yields are 2-5 bp lower, while the US 10-year Treasury yield is a bit firmer at 3.51%. The dollar has turned mostly higher in the European morning after the […]
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