Katie Barnato
Appearances
WSJ What’s News
China Readies Its Trade-War Arsenal
But given the size of the rally yesterday, it could just be viewed as a gentle paring back. Perhaps things are more interesting if you look into some other assets, however. We've got 10-year treasury yields still hovering close to 4.3%. To put that in context, before the April 2nd tariff announcement, they were actually below 4.2%.
WSJ What’s News
China Readies Its Trade-War Arsenal
Treasuries are viewed as a haven asset, so that could be signalling something about people's level of anxiety over the markets. The other notable fact is the dollar is actually still weakening against other currencies. You might expect in this circumstance there would be a bit of vote of favour in terms of the dollar, but that doesn't seem to be happening at the moment.
WSJ What’s News
China Readies Its Trade-War Arsenal
Perhaps the biggest gainer among major indexes is in Japan. The Nikkei is up over 9%. In South Korea, the KOSPI is up well over 6%. We've got some big moves over in Europe as well. The German DAX is up 6%. The wrinkle in the picture at the moment is over in the US. Stock futures are actually down in what would be quite a big move in more typical trading, pushing towards 2% down.