FW: [Maybank] Risk-on Mode

 

 

GBL: Risk-on Mode Global Markets Daily by Saktiandi Supaat FX Research Falling vols, rising commodity prices in particular base metals, strong US data (CFNAI and existing home sales) and somewhat re-assuring tone from central bankers that interest rate increase will be gradual fuelled the appetite for risk assets. S&P 500 and NASDAQ hit record highs while DAX led gains (thanks to carmakers BNM, Daimler, Volkswagen) in Europe. Carmaker Volkswagen announced plans to invest EUR40bn in electric vehicle (EV) technology. On base metals, nickel and copper led gains... Saktiandi Supaat    (65) 6320 1379    saktiandi@maybank.com.sg Christopher Wong    (65) 6320 1347    wongkl@maybank.com.sg Disclaimer This message is intended only for the use of the person to whom it is expressly addressed and may contain information that is confidential and legally privileged. If you are not the intended recipient, you are hereby notified that any use, reliance on, reference to, review, disclosure or copying of the message and the information it contains for any purpose is prohibited. If you have received this message in error, please notify the sender by return e-mail immediately and delete all its contents. If you wish to read Disclaimer in details, please click HERE. To unsubscribe or change preference settings, please click here to contact your representative.