Global Markets:
- Asian stock markets: Nikkei up 0.35 %, Shanghai Composite rose 0.06 %, Hang Seng gained 0.1 %, ASX 200 climbed 0.780%
- Commodities: Gold at $1295.25 (- 0.59 %), Silver at $17.21 (- 0.86 %), WTI Oil at $51.91 (- 0.12 %), Brent Oil at $57.84 (0.03 %)
- Rates: US 10-year yield at 2.30, UK 10-year yield at 1.33, German 10-year yield at 0.37
News & Data:
- (NZD) CPI q/q 0.5 % vs 0.4 % expected
- (CAD) Foreign Securities Purchases 9.85 B vs 30.2 B expected
- (USD) Empire State Manufacturing Index 30.2 vs 20.3 expected
- (EUR) German WPI m/m 0.6 % vs 0.4 % expected
- (EUR) Trade Balance 21.6 B vs 20.3 B expected
- Trump to meet Yellen Thursday in search for new Fed chair
- "Risk premium returns to oil over Iraq fighting, rising U.S.-Iran tensions"- RTRS
Markets Update:
Asia-Pacific equity markets opened mostly flat pausing near recent highs on Tuesday as concerns about North Korea re-emerged. commodities held onto most overnight gains made on the back of better-than-expected China producer prices. Australian bonds fell with Treasuries as speculation climbed that the next head of the Federal Reserve will be more hawkish.
USDJPY is currently seen Trading at 112.150 as the dollar bounced back against the Yen to highs of 112.30 from Monday’s low of 111.65. Japanese stocks were off to a good start, with the Nikkei Nikkei 225 rising as much as 0.7% earlier in the session. But it struggled to stay in positive territory as the yen pulled back from session lows.
EURUSD slipped down from yesterday’s lows and is currently seen trading close at 1.1778. Overall the Euro has lost around 0.1 percent against the US Dollar following it’s drop of 0.2 percent on Monday. The dollar index, which tracks the dollar against a basket of currencies gained close to 0.1 % and is currently valued at 93.37
The Australian dollar after dropping as low as 78.35 earlier in the session is currently sees trading around 78.46 against the US Dollar. Meanwhile the Kiwi had a active session rising as much as 0.5 percent to highs of 0.7203 against the US dollars after New Zealand’s inflation data topped estimates, however the kiwi has lost all of its gains and is currently seen trading at 0.7160
Upcoming Events:
- 08:15 GMT – (GBP) MPC Member Ramsden Speaks
- 08:30 GMT – (GBP) CPI
- 08:30 GMT – (GBP) PPI Input m/m
- 08:30 GMT – (GBP) RPI y/y
- 09:00 GMT – (EUR) German ZEW Economic Sentiment
- 09:15 GMT – (GBP) MPC Member Tenreyro Speaks
- 10:00 GMT – (EUR) Final CPI y/y
- 10:15 GMT – (GBP) BOE Gov Carney Speaks
- 12:30 GMT – (USD) Import Prices m/m
- 13:15 GMT – (USD) Capacity Utilization Rate
- 13:15 GMT – (USD) Industrial Production m/m
- 17:00 GMT – (USD) FOMC Member Harker Speaks
- 19:30 GMT – (CAD) Gov Council Member Wilkins Speaks
- Tentative – (NZD) GDT Price Index
