Analysts at TD Securities noted how markets traded with a risk on tone during last week’s closing sessions.
Key Quotes:
“Markets traded with a risk-on tone into the weekend.”
“North American equities showed no signs of stress in response to new US/China tariffs, with the S&P 500 rising 0.8% while the TSX saw a 0.6% gain.”
However, mixed employment data saw rates post a modest rally on both sides of the border.”
“The USD saw a broad decline against G10 FX after the jobs report, with antipodeans (NZD: +0.8%, AUD: +0.6%) leading the advance. The EUR (+0.4%) rallied on an upside surprise in German IP while CAD (+0.2%) underperformed on the crosses after a disappointing employment report.”
“Data calendar is quiet on Monday. Later in the week we have central bank decisions from the BoC, BNM, and BoK.”
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