· Risk appetite
made a surpriseappearance overnight amid the chaos in Europe as USstocks ended
a 4 day losing streak overnight as data out of the USbuoyed sentiment despite
lingering concerns over a lack of agreement between EUleaders.
· Durable goods
orders was first upand showed a rise of 1.1%, beating expectations andflying in
the face of the recent manufacturing surveys suggesting slowing.
· Then pending
home saleswhich rose by the most this year, 5.9% on the month, which added toother
recent housing data pointing to sure signs of life in the sector.
· The S&P
closed 0.9%higher, while the DOW put on 0.74%, oil and gas stocks led the
waywith oil retaking $80, closing up 85c at $80.21.
· In Europe
equities werestronger, the broad Euro STOXX index up 1.77%.
· Also helping
risk assets along was an article from the China Securities Journal saying the
country may introduce“more proactive” policies to ensure stable growth.
· USDMYR opened
just a tad lower at 3.1860-3.1920 as we expect yet another quiet session and
very rangetrade for the day
No comments:
Post a Comment