Market Comment | Fears of a war of capital flows ease

Summary

Cautious optimism after the U.S. administration denied there were plans to stop Chinese companies from listing on U.S. exchanges. Chinese financial markets will remain closed until next Tuesday for the seventieth anniversary of the People’s Republic of China.

Key points

• Key points:
• U.S. and European stock indices edged higher.
• The USD continue to strengthen with the DXY index close to a three-year high.
• Chinese manufacturing PMIs showed a subdued recovery, while the Chicago PMI entered into the contraction area.

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