Global Markets:
- Asian stock markets: Nikkei fell 0.22 %, Shanghai Composite down 0.96 %, Hang Seng lost 0.48 %, ASX 200 up 0.25 %
- Commodities: Gold at $1247.00, Silver at $15.72, WTI Oil at $58.02, Brent Oil at $65.53
- Rates: US 10-year yield at 2.38, UK 10-year yield at 1.20, German 10-year yield at 0.29
News & Data:
- (AUD) HPI q/q -0.2 % vs 0.6 % expected
- (AUD) NAB Business Confidence 6 vs 8 Previous
- (JPY) PPI y/y 3.5 % vs 3.3 % expected
- (USD) 10-y Bond Auction 2.38| 2.4 vs 2.31|2.5 previous
- (USD) JOLTS Job Openings 6.00 M vs 6.03 M expected
- (EUR) Italian Retail Sales m/m -1.0 % vs -0.1 % expected
- EU must look at regulating bitcoin, ECB's Nowotny says
- U.S. Treasury tax study slammed as 'fake math' by Democrats- RTRS
Markets Update:
Asian equities opened lower on Tuesday following three straight sessions of gains in spite of Dow Jones industrial average closing at a record high. Investors await U.S. and European central bank meetings this week for further clues on the 2018 policy outlook. Energy-related stocks in Australia and Japan climbed as oil prices edged higher following the closure of the UK's Forties pipeline for repairs
USDJPY was slightly lower for the session currently seen trading around 113.45 as the Yen rose around 0.1 percent against the US Dollar. The Nikkei 225 drifted lower by 0.2 percent after hovering near the flat line earlier in the day. Gains were seen in trading houses and financials, as automakers and tech stocks traded mixed.
EURUSD was mostly unchanged for the day and seen steadily trading around 1.1775. The dollar index, which tracks the dollar against a basket of currencies was trading flat at 93.81 holding at a three-week high. The yield on 10-year Treasuries held at 2.38 percent. U.S. markets on Monday shook off early jitters following a terror incident to end higher. The Dow Jones industrial average rose 0.23 percent to finish at a record close of 24,386.03.
AUDUSD traded higher on Tuesday currently valued at 0.7540 as the Australian Dollar rose close to 0.2 percent against the US Dollar. Meanwhile, Australia’s 10-year yield fell four basis points to 2.52 percent. The New Zealand dollar added to overnight gains following the appointment of the Reserve Bank of New Zealand's new governor and is currently seen trading above 0.6930 against the US Dollar.
Upcoming Events:
- 09:30 GMT – (GBP) CPI y/y
- 09:30 GMT – (GBP) PPI Input m/m
- 09:30 GMT – (GBP) RPI y/y
- 13:30 GMT – (USD) PPI m/m
- 13:30 GMT – (USD) Core PPI m/m
- 19:00 GMT – (EUR) ECB President Draghi Speaks
- 22:15 GMT – (AUD) RBA Gov Lowe Speaks
- & More…
