FW: [Maybank] Risk On Plays

 

 

, GBL: Risk On Plays Global Markets Daily by Saktiandi Supaat FX Research US equities continue to print new highs overnight, with positive risk-on sentiment spilling over to Asian equities this morning. On FX, most risk-on/high beta currencies are also firmer vs. JPY and USD. Recent PMIs from US, Europe, China and strong ADP employment in US continue to suggest that synchronised global recovery story remains intact reinforcing the equity rally and USD as a countercyclical currency play (USD typically falls when global growth is well). This may continue as long as... Saktiandi Supaat    (65) 6320 1379    saktiandi@maybank.com.sg Christopher Wong    (65) 6320 1347    wongkl@maybank.com.sg Disclaimer This email and its attachment(s) are confidential and are intended solely for the use of the individual to whom it is addressed. Any views or opinions expressed are solely those of the author and do not necessarily represent those of Maybank Kim Eng or any of its affiliates. Intended recipients of this email are prohibited from disseminating, forwarding, printing and/or copying its contents. If you are not the intended recipient of this email, you are strictly prohibited to take any action based upon them, which also includes dissemination, forwarding, printing and copying of its contents. Maybank Kim Eng Research sent this e-mail to you because your Notification Preferences indicate that you want to receive information about our daily research reports. If you wish to read Disclaimer in details, please click HERE. To unsubscribe or change preference settings, please contact your representative HERE.