Sintra Has Catalyst Potential This Week: 3-Minutes MLIV

Mark Cudmore discusses the recent volatility in Korean markets, the rotation into Hong Kong laggards, and the positive tailwind for July equities driven by earnings expectations and AI CapEx. He flags event risk from Sintra and payrolls, and gives a near-term and longer-term view on EUR/USD, expecting more short-term dollar strength before a downtrend later in the year. - Korean mega spending plan aided KOSPI rebound and lifted overall sentiment - Month/quarter-end rotation saw outperformance in Hong Kong stocks - July equities may start positively on easy earnings beats and AI CapEx momentum - Sintra Fed commentary and nonfarm payrolls are key event risks this week - Near-term EUR/USD likely biased lower, but conviction is fading - Longer-term dollar downtrend expected to resume later in the year