Sentiment remained largely positive in Asia this morning, a look at the major equity indices shows that most of them headed north shrugging off some softer Caixin China PMI services for the month of September. Chinese PMI services slippe dto 50.6 from the previous 52.7 – the lowest of these past 21 months.
The US celebrates Columbus day today, however NYSE and Nasdaq should still be open today as well.
Meanwhile the Turkish Lira also suffered some losses overnight, on the back of potential tensions with the US as both nations re-visited their respective diplomatic personnel’s security. The USD remained under pressure after media reported that Russian members of parliament, on a vist to Pyongyang at the end of last week, had been made aware that North Korea would be testing a long-range missile in the near future. It is believed that such missile could reach the US’s west coast.
Fears were that this mentioned launch date could be as close at 10th October to mark the anniversary of the founding of the ruling Korean Workers Party.
Today we have have data for German industrial Production and the EZ Sentix Investor confidence index.
