Global Themes

Rebound

Financial markets staged a small recovery overnight with the Turkish lira higher, stocks bouncing and US bond yields climbing from recent lows.

The rebound in US interest rates caused the US dollar to strengthen.

Aussie lower

The USDCNY climbed 0.2% at it hit new one-year highs.

The Aussie was weaker in most markets as markets worries about a weaker wage number ahead of tomorrow’s Australian job numbers.

The euro fell as worries about European banks weighed on the euro.

US retail sales

Yesterday’s weaker than expected Chinese data, including a lower retail sales and industrial production number, saw the USDCNY lower.

Tonight, US retail sales are due.

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