FW: [Maybank] Cautious Optimism

 

 

Cautious Optimism Global Markets Daily by Saktiandi Supaat FX Research S&P futures came under pressure this morning after Trump told US trade officials to consider imposing tariffs on an additional $100bn in Chinese imports. Corresponding knee jerk response was felt in FX markets, with USDJPY falling from above 107.40 to an intra-day low of 107 while risk proxy FX such as AUD fell nearly 0.5%. As of writing, some of these declines have partially reversed. Markets appear to shrug off trade war fears (HSI was up 1.5% this morning) – signs of cautious optimism? 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.