Global Markets:
- Asian stock markets: Nikkei up 0.55 %, Shanghai Composite down 0.06 %, Hang Seng gained 0.22 %, ASX 200 rose 0.09 %
- Commodities: Gold at $1319.70 (-0.05 %), Silver at $17.14 (-0.02 %), WTI Oil at $62.16 (+0.70 %), Brent Oil at $68.14 (+0.53%)
- Rates: US 10-year yield at 2.48, UK 10-year yield at 1.23, German 10-year yield at 0.43
News & Data:
- (JPY) Consumer Confidence 44.7 vs 45.1 expected
- (AUD) Building Approvals m/m 11.7 % vs -0.9 % expected
- (GBP) BRC Retail Sales Monitor y/y 0.6 % vs 0.6 % previous
- (JPY) Average Cash Earnings y/y 0.9 % vs 0.6 % expected
- (USD) Consumer Credit m/m 28.0 B vs 17.8 B expected
- (EUR) Retail Sales m/m 1.5 % vs 1.4 % expected
- (EUR) Sentix Investor Confidence 32.9 vs 31.5 expected
- (GBP) Halifax HPI m/m-0.6 % vs 0.2 % expected
- U.S. oil prices hit highest since 2015, but doubts loom over rally- RTRS
- Things are looking up for China's financial firms, UBS says
Markets Update:
Asia-pacific equities extended gains on Tuesday approaching record highs following a comparatively quiet session on Wall Street. Japanese equities pared gains after the Bank of Japan trimmed the size of its bond-repurchase offer in its latest market operation. The S&P 500 and Nasdaq composite had finished Monday's session at all-time highs as investors remained optimistic on the U.S. economy.
USDJPY had quite an active session early on Tuesday, The Yen gained close to 0.4% against the US Dollar and is currently seen trading at 112.65 per dollar as The Bank of Japan scaled back its purchases of long-dated JGBs at their scheduled buying operation today. Japan's Nikkei 225 rose over 0.5 percent, as markets re-opened following a long weekend. The benchmark index rose to its highest levels in 26 years in the last trading session.
EURUSD is mostly unchanged and is currently seen steadily trading around 1.1963 following a drop of 0.5 percent on Monday. The dollar index, which tracks the dollar against a basket of currencies slid close to 0.1 percent and is currently valued at 92.30. The yield on 10-year Treasuries held at 2.48 percent in early trading Tuesday.
AUDUSD was trading marginally higher for the session currently valued at 0.7853 as the AUD gained 0.2 percent against the US Dollar in the wake of a huge surprise beat for building permits. Australia’s 10-year yield was up about two basis points to 2.67 percent. The Kiwi dollar jumped 0.2 percent against the US Dollar to current levels of around 0.7190.
Upcoming Events:
- 06.45 GMT – (CHF) Unemployment Rate
- 07.00 GMT – (EUR) German Trade Balance
- 07.45 GMT – (EUR) French Trade Balance
- 08.00 GMT – (CHF) Foreign Currency Reserves
- 08.15 GMT – (CHF) Retail sales y/y
- 10.00 GMT – (EUR) Unemployment Rate
- 13.15 GMT – (CAD) Housing Starts
- &more…
