China's CSI 300 index is up by more than 2% on the day now
And the Shanghai Composite index is also up by 1.7% currently with the Nikkei trading near the highs up by 1.4% heading into the close at the top of the hour. It's been a strong showing by risk in Asian trading and Trump's comments earlier certainly is helping to bolster sentiment somewhat.
E-minis are also trading higher by 0.7% at the moment and that will help give European equity investors some confidence to extend gains from yesterday in the session ahead.
But it'll still be all about the US cash equity market and watch out for the 2,600 handle in the S&P 500 index later today. Although risk is seen as rebounding now, yesterday's price action is a good example of how fragile market sentiment can be.
It's going to take a whole lot more of supportive language from Trump to convince investors that the worst is over. But maybe a bounce off the technical support levels above may help with that too.
