ECB “re-calibrates”, sentiment more positive

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We have seen a slightly brighter mood emerge overnight across Asia after US stock markets closed lower for a fourth day. Japan again leads the way with the Nikkei hitting a six-month high, while tech stocks are rebounding after being hit recently on the potential for more Chinese regulation. Japan has been the highlight this week as the Suga-succession race hots up and M&A newsflow spurs risk appetite.

News that US President Biden also spoke to his counterpart in China, Xi Jinping for the first time since February has added to the more positive risk tone. The countries have vowed to… Read More:

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