YCS - Powerful Momentum Is Still Evident In The Foreign Exchange Market
Overview
The powerful momentum moves in the capital markets continues unabated by escalating US-China tensions and continued spread of the virus. Asia-Pacific equities were mixed. Tokyo was closed for a holiday, but several other large markets in the region, like China, South Korea, and Taiwan markets slipped lower, while Hong Kong, Australia, and India advanced. Helped by autos and food and beverages, Europe's Dow Jones Stoxx 600 is recouping around half of yesterday's losses. US shares are trading with a firmer bias, and the S&P 500 looks to extend its advance for a fifth consecutive