Given the worsening of the trade war, today the indices and stocks are under pressure, with the technology sector losing the losses after the escalating Huawei situation. The indices continue to decline, but the volatility remains low and the outflow to safe heaven assets today is not so strong.
Gold today did not change as expected, and the yen was also poorly demanded. In this case, we see a violation of the correlation between the Japanese yen and the NASDAQ. The intraday graph shows chopped motion for the yen and the index is down. Towards the end of the session, we notice an alignment of this correlation. The indexes are trying to recover, but for the time being unsuccessful.
Graphs: Used with permission of Bloomberg Finance L.P.
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