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CNY - Monday Blues

Overview: Risk appetites remain in check as the spread of the coronavirus is leading to more and longer shutdowns. Asia Pacific equities fell with Australia, the notable exception. Its benchmark rallied a record 7%, encouraged by additional stimulus measures. Led by financials, following news that the ECB is requesting banks hold off dividend payments until October (which frees up an estimated 30 billion euros), real estate, and consumer discretionary sectors, the Dow Jones Stoxx 600 is off by a little more than 0.5% in late morning turnover. US shares are flat to slightly higher. Benchmark

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Stock Information

Company Name: Market Vectors Chinese Renminbi/USD ETN
Stock Symbol: CNY
Market: NYSE

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