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- China returns to the Treasury market after selling holdings last year
China returns to the Treasury market after selling holdings last year
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Loading...Investors adopted a cautious stance ahead of a barrage of events due in the next 48 hours.
There’s a reluctance to add to risk positions ahead of testimony Thursday from former FBI Director James Comey, the ECB’s policy decision and the U.K. election. Treasuries climbed as Bloomberg reported China is prepared to buymore of the notes. The Bloomberg Dollar Spot Index fell to an eight month low. Asian equity-index futures pointed to a mixed start after the S&P 500 Index fell the most since mid-May. Gold remained at a seven-month high.
Trepidation is engulfing markets ahead of Thursday, for what’s shaping up to be a pivotal day for capital markets. Comey’s testimony may give clues on how politically effective the Trump administration will be in refocusing attention on its policy agenda. Investors had already taken a defensive stance this week following a diplomatic spat among energy producing nations in the Middle East and the weekend’s terror attack in London.
Source: Bloomberg Pro Terminal
Jr Trader Alexander Kumanov
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