What you need to know on Tuesday, September 24:
The market mood improved after the US Treasury Sec. Mnuchin said trade talks with China will resume in two weeks. Further, China announced that they will buy US soybeans.
China stocks led the Asian equities higher while the Wall Street futures and Treasury yields traded with moderate gains
The dollar was largely unchanged vs. euro, pound and gold.
The Kiwi showed good performance, while the Swiss Franc emerged the main laggard, followed by the Yen. Uncertainty over US-Japan trade deal and poor Japanese PMI kept the JPY bulls at bay.
The EU-UK leaders conveyed “no breakthrough” at the UN General Assembly (UNGA) in New York.
Oil prices dropped on oil demand growth concerns amid global economic slowdown and Saudi oil supplies restoration early next week.
Cryptocurrencies are on the road to recovery.