Positivism in Asia is back! What happened and what to expect?

During the Asian session, there was no important foundation to affect the stock market but, on the other hand, much worse data on New Zealand's trade balance increased the volatility of the NZD. Despite the initial negative impulse, the kiwi recorded growth against major currencies. The reason for this is the rising indices in the Asian region.

Though Trump confirmed the US's position on trade disputes yesterday, like the US markets, Asian indices reflect less and less negativity. It seems that the accumulation of The Worst Case Scenario in terms of trade tariffs between the US and China is coming to an end. The main indices in Asia are trading with a rise, with Japan's Nikkei 225 trading + 0.20% and ASX200 in Australia with + 0.13%. In China, positive moods are the strongest. Shanghai Composite jumped + 1.31% and Hang Seng + 1.60%.

I expect the positive sentiment from Asia to be transferred to Europe as well, and we can expect increased JPY sales and transfer of funds to European stocks during the European interbank market.

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