FW: [Maybank] AXJs Weighed By Equity, Treasury Sell-Off

 

 

AXJs Weighed By Equity, Treasury Sell-Off Global Markets Daily by Saktiandi Supaat FX Research Jerome Powell's optimism for the US economy, in the midst of US data outperformance overnight, sent equities lower, UST yields higher and the USD rebounding as markets priced in the risks of a more aggressive Fed. 10Y UST yield climbed higher towards the 2.90% levels while the USD Index rose back above the 90 levels. Asian equity markets are likely to follow suit with Asian futures already all pointing lower this morning. Weaker Asian equities amid stronger USD should weigh on Asian FX ... Saktiandi Supaat     (65) 6320 1379     saktiandi@maybank.com.sg Leslie Tang     (65) 6320 1378     leslietang@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.