The softer US PMI data from yesterday is still reverberating

Good vibes in the markets

The softer US PMI data from yesterday is still reverberating but also a much improved risk mood. Geopolitical fears have subsided since the weekend and that is helping to see stocks bounce back quite nicely to start the week. In turn, risk currencies are picking up on that with the aussie also helped by hotter inflation numbers earlier.

As seen here, AUD/USD has moved up to test a key technical level on the day. The pair is still up 0.5% to 0.6515 as it keeps near the highs.

Looking ahead

So, what’s next for markets after this positive start? Only time will tell, but for now, it seems like investors are feeling pretty good about things and are ready to push stocks and currencies higher.

How does this affect me?

If you’re an investor, this improved risk mood could mean good news for your portfolio. Stocks are bouncing back, currencies are picking up – it’s a great time to be in the market.

Global impact

On a global scale, a more positive risk mood in the markets can have wide-reaching effects. It could signal increased confidence in the economy and lead to more investment and growth worldwide.

In conclusion

Overall, the softer US PMI data may have initially caused some ripples in the markets, but the improved risk mood is helping to smooth things over and push stocks and currencies higher. It’s a good time to be in the market!