-
Greenback Extends Recovery
The honeymoon for risk assets that began the year ended with a bang at the end of last week with the monster US jobs report and the rebound in the service ISM. Disappointing new from several large US tech companies provided extra encouragement. The yen's weakness helped Japanese stocks today, but the other larger bourses in the Asia Pacific area were sold, with losses in Hong Kong, the CSI 300, South Korea, and Taiwan off more than 1%. Europe's Stoxx 600 also is down more than 1% today, which if sustained would be the second largest drop this year. US futures are also sharply lower. The bond sell-off seen before the ... (full story)