While risk aversion still dominates, sentiments appeared to be lifted by comments from Russian Foreign Minister Sergei Lavrov. In a televised exchanged, Lavrov told President Vladimir Putin, "I must say there are always chances... It seems to me that our possibilities are far from exhausted... At this stage, I would suggest continuing and building them up." US futures are staging a u-turn after the comments while European indexes recovered some ground. In the currency markets, Dollar is currently the strongest one for today, followed by Yen which is retreating slightly. New Zealand Dollar is the worst performing one, followed by Sterling and then Euro. Technically, there is no clear development yet. But attention will be paid to some levels in Yen crosses including 155.11 minor support in GBP/JPY, and 81.28 minor support in AUD/JPY. Break of these levels will argue that Yen buying is picking up momentum again. In Europe, at the time of writing, FTSE is down -1.41%. DAX is down -2.21%. CAC is down -2.33%. Germany 10-year yield is down -0.046 at 0.253. Earlier in Asia, Nikkei dropped -2.23%. Hong Kong HSI dropped -1.41%. China Shanghai SSE dropped -0.98%. Singapore Strait Times dropped -0.23%. Japan 10-year JGB yield dropped -0.0117 to 0.218. |
