US-China trade truce spurs risk appetite; cautious optimism still warranted

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Asian stocks and currencies are gaining as risk-on sentiment courses through the markets following the US-China trade truce that was reached prior to the weekend. The increased risk appetite has dampened safe haven assets: Gold has shed about 1 percent to fall below $1490 since the trade truce was announced, the Japanese Yen is now trading above 108 against the US Dollar, while yields on 10-year US Treasuries have breached 1.70 percent for the first time since October 1. Japanese and US markets will be closed today for a holiday.

Investors are drawing relief from the US-China trade truce… Read More:

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