FW: [Maybank] Risk Rebounds

 

 

Risk Rebounds Global Markets Daily by Saktiandi Supaat FX Research US stocks closed around 2% higher overnight after a rather wild session. DJI whipsawed in a 1166-point range. The volatile moves witnessed were not just contained within equity markets. Even the UST 10yr yields were choppy, last seen back around 2.80% from intra-day lows of 2.65%, a 15bps rally. With more investors convinced that the equity sell-off in the previous sessions is a normal correction, risk appetite made a return. Safe havens weakened including the JPY, CHF, USD, gold and... Saktiandi Supaat     (65) 6320 1379     saktiandi@maybank.com.sg Fiona Lim     (65) 6320 1374     fionalim@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.