Risk sentiment was mixed in Asia as investors weighed yesterday’s positive close in US stock markets against uncertainty about policymakers’ ability to solve the European debt crisis. At the time of writing the Nikkei is down by 0.82% and S&P futures are broadly flat. Despite the mixed performance of Asian equity markets, sentiment does appear to have stabilised. EURUSD traded 1.3260-1.3358 and USDJPY 76.61-76.95. In Australia, retail sales rose more than expected, suggesting that consumers are proving resilient to uncertain growth prospects. Continue reading →