Equity markets are a hold softer as investors continued to tatter over a widespread of a coronavirus. South Korea saw a series cases doubled overnight, that has coincided with South Korean 10yr yields plummeting by 21bps (most given 2012). As a reminder, with a BoK rate preference scheduled for Feb 27th, eyes will be on intensity speak alluding to a pre-emptive, as was a box in a 2015 MERS outbreak.
EUR: Modest gains for a Euro that hovers around a 1.0800 hoop following a slew of improved than approaching from a Eurozone. Although, while a title shows signs of life for a Eurozone production sector, a finer sum advise that a Eurozone is not out of a woods yet. IHS Markit remarkable that a opinion stays rarely uncertain, particularly in honour to a intensity for serve disruptions to supply chains, that does not bode good for subsequent month’s release.
Bond Market Signals Cast Doubt Over Further Rise in US Equities
Source: DailyFX, Refinitiv
Economic Calendar (21/02/20)
WHAT’S DRIVING MARKETS TODAY
- “British Pound (GBP) Latest: GBP/USD Battling a Rampant US Dollar” by Nick Cawley, Market Analyst
- “USD/MXN – US Dollar Shreds Mexican Peso, Major Reversal Coming?” by Paul Robinson, Currency Strategist
- “Australian Dollar Forecast: Key AUD/USD Levels to Watch as Breakdown Unfolds” by Justin McQueen, Market Analyst
— Written by Justin McQueen, Market Analyst
Follow Justin on Twitter @JMcQueenFX