5 Feb 2014
Flash: Risk assets on the rebound? - Danske Bank
FXStreet (Barcelona) - Sverre Holbek, Senior Analyst at Danske Bank notes that risky assets rebound during US trading session yesterday.
Key Quotes
“Stocks got a reprieve as US equity indices posted modest gains yesterday, after suffering the biggest one-day drop in more than six months on Monday.”
“There appeared to be no single catalyst behind yesterday’s stabilisation in risk sentiment and it seems too early to call for an end to the recent correction, which took the S&P500 index 5% lower.”
“In particular, investors will look to Friday’s employment report for further clues on the current state of the US economy. Japanese stocks are also in green this morning, after tumbling more than 4% yesterday.”
Key Quotes
“Stocks got a reprieve as US equity indices posted modest gains yesterday, after suffering the biggest one-day drop in more than six months on Monday.”
“There appeared to be no single catalyst behind yesterday’s stabilisation in risk sentiment and it seems too early to call for an end to the recent correction, which took the S&P500 index 5% lower.”
“In particular, investors will look to Friday’s employment report for further clues on the current state of the US economy. Japanese stocks are also in green this morning, after tumbling more than 4% yesterday.”