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Two risk aversion counters are down against their much riskier counterparts and investors braced riskier assets as US market is set to open today after long weekend.
- After heavy swings, China's benchmark stock index closed in green at 3170, up 2.9% today.
- Australian bourse ASX200 is up 1.5% today, trading at 5104.
- Nikkei cash market closed in loss but revives through future in European session, up 0.35%.
- FTSE 100 is up 1.8% today so far heading into North American session.
- Europe is all green today, German DAX is up 2.1%, while European blue chip index, EuroStxx50 is up 1.9%.
- S&P 500 future is pointing to positive open in US markets, up 1.2% so far today, trading at 1957.
Better than expected Chinese trade balance along with upward revision in Both Japan and European GDP is contributing to the risk on mood.
Dollar and Yen both are out of favor given risk on profile today. FXCM US Dollar index is down close to 0.2%, while Yen is down -0.45% against Dollar.
In spite of all the good mood today, it is still too early to predict if risk aversion has subsided for long, given FOMC lurking ahead.
