The market is sluggish, but overall the market is still risk seeking😅
Markets are settling into full summer liquidity with Japan closed for holidays, and HK markets closed due to T8. NY markets were similarly quiet with fixed income volumes at half of normal, and markets hovering close to their Friday levels with a net risk-on bias. Another weak set of Chinese data (Q2 GDP @ 6.3% vs 7.3% expected) hurt European sentiment early on, but all was forgotten as soon as the US market walked in.
