- U.S. stocks slightly firmer, Apple leads the way
- Earthquake in Mexico hits the Peso
- Reports: HKMA intervening to protect the peg
Bias: Risk neutral
US stocks rose slightly again overnight, supported by Apple after announcements at the tech company’s Worldwide Developers Conference. The upside was somewhat capped by the continuing rise in Corona Virus cases. U.S. data saw PMI numbers come in slightly weaker than expected, but within expected ranges.
A largely quiet session on the forex front, with the market continuing to await breaks from recent ranges. News of an earthquake in Mexico pressured the MXN slightly, while the Canadian Dollar fought back to win some of its recent losses back. Reports are that this morning the HKMA has been intervening to keep the USD/HKD within its peg.
Commodities were mixed, with oil slightly weaker and gold slightly firmer amid light trade.
Expect yet another quiet session in Asia today, with little risk of prices breaking out of recent ranges. The data calendar today is also light, featuring little more than German IFO and U.S. Crude Oil Inventories.