We have yet another flat opening in the Asian markets

11.12.2019 / 00:25

Rating:

We expect a flat start to the Asian session, with investors continuing to closely monitor US-China relations and whether the two sides reach an agreement before the December 15 tariff deadline. The bonds are down on the eve of the FOMC, which is due today at 9:00 pm Bulgarian time on Wednesday.

Futures in Japan and Australia are flat and Hong Kong is in positive territory but with minimal changes. Despite various reports, the consensus remains that the most likely turn of events will be postponement of tariffs before the Trump administration announces that negotiations are underway. Both sides continue to claim they are on the move, but without enough details. The US dollar remains mixed among G-10 currencies.

Elsewhere, the pound is under the power of a saw after a series of initial polls on the election results on 12/12/2019.

The yen remains weak, the offshore yuan strong, the euro adds to its value, and the pound remains in positive territory.

Source: Bloomberg Finance L.P.

Graphs: Used with permission of Bloomberg Finance L.P.

Trader Martin Nikolov

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We have yet another flat opening in the Asian markets

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