The below report consists of a market overview and insight into the equities, futures and derivatives markets, and FX speculative and deliverable markets.
HEADLINES
* Finally COVID-19 impacts equities as worries over its spread grows
– Two die in Japan and one in Korea as cases tick up in Japan, Singapore etc
– A correction warranted anyway as valuations becoming stretched…..
* Dollar remains immune as AUD hits 11 year low and Kiwi tagging along behind
– Asian currencies weak across the board…..
* Kiwi seems good value down here, but always hard fighting the trend
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