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WORLD HEADLINES – Risk-On sentiment returned to the markets as world stocks rose, supported by three straight days of tech-driven rises in the United States, even though markets across Asia and especially China remained in the grip of trade turbulence.
STOCKS – Tech shares have been relatively resilient to trade fears, the New York Stock Exchange’s index of 10 tech giants including China’s Alibaba has gained over 30 percent this year.
BONDS – U.S. Treasury bond yields rose slightly amid the easier mood but concern about the trade row has pushed the gap between two- and 10-year yields to the narrowest since 2007
COMMODITIES – Gold futures rose, recovering yesterday’s losses.
CURRENCIES – The dollar retreated 0.4 percent against a basket of currencies and the easing tensions in Germany helped the euro to gain 0.2 percent against the greenback.
ECONOMIC DATA – US Factory Orders m/m due at 10:00 ET.
