Macro Dragon: US is Back, RBA mins, ZEW, Empire...
Macro Dragon = Daily Cross Asset Views. We take a look at the overnight session that saw a massive GDP miss from Japan. Touch on the continued Risk-On that we are seeing in Equities - CH & HK stocks pretty much back to pre-virus news, yet USDCNH at 6.98 well off the 6.84 lows post the signing of the Phase One deal earlier in April. Today watch out for RBA mins early doors Asia, as well as ZEW data on Germany & the Eurozone, Jobs data out of the UK, Mfg. Out of CA & Empire out of the US.
