FW: [Maybank] Global Risk Aversion Rattles Markets

 

 

Global Risk Aversion Rattles Markets Global Markets Daily by Saktiandi Supaat FX Research Risk aversion over the political crisis in Italy and escalating US/China trade sent both the Dow and Euro Stoxx falling 1.6% overnight. Treasuries rallied with 10Y yield dipping by more than 15bp and gold rose as investors sought safe haven assets. EURUSD slipped towards the 1.15-handle at one point, while the USDJPY and USDCHF dipped to near 5-week lows of 108.11 and 0.9851. EUR weakness lifted the USD index higher, and the EURJPY tanked to a one-year low of 124.62. With Asia mostly closed ... 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.