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Risk-on sentiment refuses to give up – Danske Bank

FXStreet (Edinburgh) - Flemming Nielsen, Senior Analyst at Danske Bank, remarks the resilience of the risk appetite trends.

Key Quotes

“Despite the lingering geopolitical issues and soft economic data yesterday the market sentiment remains moderately positive”.

“The US stock market closed yesterday’s session higher and most Asian stock markets are also slightly higher this morning”.

“Data released yesterday showed that industrial production in the euro area in June unexpectedly declined for the second month in a row and retail sales were soft in the US in July”.

“In China weak data for July also created some doubt about the strength of the recovery”.

“However, market sentiment is still supported by expectations that monetary policy will stay very accommodative for a considerable time”.

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