Wednesday, August 23, 2017

FW: [Maybank] Buoyant Mood

 

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GBL: Buoyant Mood

Global Markets Daily
by Saktiandi Supaat

FX Research

Equities opened higher and continued to rise in NY session, buoyed by hopes of tax reforms amid talks that the mortgage interest tax deduction could see some modifications. Some revival of "Trump hope" trades lifted the UST yields as well as the USD overnight as well. At the same time, "Trump fears" may be evoked as the US treasury sanctioned 10 entities and six individuals from Russia and China for their violations of UN Security Council resolutions and attempted evasions of US sanctions...

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