Flash: Global Risk Sentiment unaffected by EM tensions - Danske Banke

Lars Christensen, Chief Analyst at Danske Bank notes that despite the continued increase in Emerging Markets tensions, overall global risk sentiment has generally not been too badly affected and the US stock markets continue to trend moderately higher.

Key Quotes

“Hence, in yesterday’s trading, the US stock market locked in minor gains. The fairly positive sentiment in the US stock markets was helped by somewhat better US housing data.”

“This morning, however, Asian stock markets are generally also trading moderately higher. In the FX markets, the US dollar continues to strengthen and this morning the dollar is trading near the strongest level in two weeks.”