Markets Tilt Risk-Off As Global Growth Uncertainty Weighs On Risk Sentiment
Heading into today’s European trading session, the risk tone is leaning risk-off. Asia-Pacific indices are negative, measures of volatility are elevated, and safe havens supported.
Leading Asia-Pacific indices to the downside is the Hang Seng at -2.22%, followed by the ASX 200 at -1.82%, the Nikkei 225 at -1.69% and the Topix and CSI 300 at -1.00% and -0.85%, respectively.
In the FX complex, the risk-off tone – which remains a function of economic uncertainty in both China and the global economy – kept safe havens supported. Consequently, it’s JPY leading the majors to the upside, followed closely by USD.
In contrast and in keeping with the risk-off tone, the antipodeans are leading to the downside, with AUD the session laggard, followed closely by NZD. Consequently, AUDJPY is quickly approaching the 89.00 handle, while NZDJPY has now slipped below the 81.00 handle.
Looking ahead, today’s European session is light on tier one data, keeping the market’s focus firmly fixed on concerns surrounding monetary policy expectations, economic outlooks and the subsequent prevailing risk tone.
Financial markets may not be suitable for all investors, as loss of all invested capital may occur. You should not risk more than you are prepared to lose. Before deciding to trade, you need to ensure that you understand the risks involved and consider your investment objectives and level of experience. Seek independent advice, if necessary.
Climax Prime LTD does not issue advice, recommendations, or opinions in relation to acquiring, holding. Climax Prime LTD is not a financial advisor and all services are provided on an execution-only basis. This communication is not an offer or solicitation to enter into a transaction and shall not be construed as such.
This website is not directed at any jurisdiction and is not intended for any use that would be contrary to local law or regulation.
By using Climax Prime LTD you agree to use our cookies to enhance your experience.
*Restricted Regions: Climax Prime Limited does not provide services for the residents of certain countries, such as the USA, UAE, Turkey, Israel.