Upbeat Chinese data and Trump’s comments boost risk appetite, key US stock earnings and NFP/ISM data to provide short term profit opportunities.
Global equity market is seeing mixed activity on cues from respective local markets. In Asian market hours, Japan and Singapore markets saw positive price action while China and Australian stocks declined sharply owing to an unexpectedly steep decline in factory gate price update from China. However, the loss was contained as Chinese CPI and PPI data which the markets saw had positive readings. Easing trade war woes also helped provide some level of positive influence to market bulls.