Markets are generally in a more positive mood to begin the day and it’s very much risk-on sentiment across the board after China PMI figures showed hints of a rebound from over the weekend. Although, Japanese stocks mostly gave up earlier gains towards the end of the session but still managed to post a decent rally on the day.

European equities open should show similar sentiment and the mood here is what is helping to keep the aussie and kiwi buoyed while weighing on the yen as we begin the European morning.