Asian equities and E-minis are trading higher so far
- Nikkei +1.97%
- Shanghai Composite +1.46%
- CSI 300 +1.53%
- Hang Seng +1.19%
- Kospi +0.66%
Major equity bourses are posting solid gains following the rebound in Wall Street overnight but let's not get too carried away just yet. We're seeing some good action in risk recovery to start the day but sentiment remains fragile still as we haven't experienced a period of calm in the equities space over the past few weeks.
And that will continue to lead some quarters in the market to be a bit skeptical (myself included) on any bounce before US traders confirm it. Right now, this will help keep yen pairs bid on the day and will help provide some comfort to European equities ahead of the open later.
But as we saw yesterday, things can quickly change on one or two negative headlines so be wary of that.
