Quotes from Societe Generale Cross Asset Research:
-The big news overnight was a jump in the HSBC China manufacturing PMI to 50.1 from 49.7.That helped equities (they hardly needed any, to be fair), and supported the risk mood generally AUD/USD is set to break back above 0.80, and AUD/NZD is edging higher.
-Softer US rates stopped the USD/JPY advance, but rallying equities will help and we still want to be long GBP/JPY tactically.
