Morning Update – 16/11/2017 – by Arjun Lakhanpal

November 16, 2017 by

Morning all… Wall St had another disappointing close with the S&P closing down 0.55% in a session dominated by risk aversion. However, in Asia we have seen a slight bounce across the board with all Asian stocks higher and the Nikkei closing up nearly 1.5%. Australian bonds climbed after a rally in Treasuries spurred in part by the global equities sell-off. China’s central bank boosted the supply of cash in the financial system by the most since January amid a decline in bonds and stocks. U.S. inflation data did little to alter the likelihood of the Federal Reserve lifting interest rates again next month, as core prices picked up in October, and retail sales indicated resilient demand heading into the holiday shopping season. The gap between two-year and 10-year U.S. yields shrank to a fresh low for 2017, a potential concern given how a flattening in the yield curve has sometimes served as a precursor to an economic downturn. The Bloomberg Dollar Spot Index was little changed, after touching the lowest in almost four weeks Wednesday. FX markets generally caught in a tight range. This morning we get Swedish unemployment data, UK Retail sales and EU CPI.. Good luck..