Daily Morning Call
From the Floor: Risk returns after weekend worries — #SaxoStrats
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Traders were loath to carry much risk through the weekend given Hurricane Irma and North Korea's Foundation Day, where many expected a new weapons test, but today's session sees sentiment rebounding.
• USD and equities up, gold and bonds down as risk rebounds
• USD and equities up, gold and bonds down as risk rebounds
• China cuts RRR from 20% to 0% in effort to curb CNH strength
• Irma impact less devastating than expected, insurers in focus
• Copper's three-month rally ends with determined selloff
• China speeds up EV focus, investors eyeing Tesla