Share This Story:
|
|
Email
TradeTheNews.com Asian Mid-session Update: Nikkei hits 18-year high; Shanghai continues rebound - Source TradeTheNews.comc
- (CN) CHINA MAY CONFERENCE BOARD LEADING ECONOMIC INDEX M/M: 1.1% v 1.4% prior - (CN) CHINA JUN WESTPAC BUSINESS SENTIMENT SURVEY: 112.3 V 111.1 PRIOR - (AU) AUSTRALIA MAY SKILLED VACANCIES M/M: -1.0% V -0.8% PRIOR - (JP) JAPAN MAY PPI SERVICES Y/Y: 0.6% V 0.5%E; 2-year low ***Index Snapshot (as of 03:30 GMT)***- Nikkei225 +0.6%, S&P/ASX +0.3%, Kospi +0.1%, Shanghai Composite +0.9%, Hang Seng +0.1%***Commodities/Fixed Income***- Aug gold -0.1% at $1,176/oz, Aug crude oil -0.1% at $61.09/brl, Jul copper flat at $2.61/lb- (US) API Petroleum Inventories: Crude -3.2M v -2.5Me (3rd straight draw); Gasoline +0.4M v -0.5Me - (CN) China MOF sells 2-yr bonds, avg yield 2.44% - (JP) BOJ offers to buy ¥375B in 1-3yr JGBs, ¥400B in 3-5yr JGBs, and ¥400B in 5-10yr JGBs ***Market Focal Points/FX***- Shanghai Composite continues its bounce after an outsized 13% drop last week. Analysts have processed the latest release of China flash PMI and now anticipate further PBoC easing. Nomura sees two more RRR cuts and two more interest rate cuts by PBoC this year, forecasting Q2 GDP slowing to 6.6% from 7% in Q1. ANZ also stated latest data sees 2015 GDP 7% as challenging to achieve. Today's data were also mixed - Westpac business index rose to 112.3 from 111.1, but Conf Board Leading Index growth slowed. Residend economist said LEI was dragged down by weak manufacturing data, poor export performance, and still-struggling new construction starts- BOJ released the minutes of its May meeting when it upgraded economic assessment for the first time in 2 years, largely reiterating easing is exerting intended effects with continued monitoring of risks and price trends. Of note, one board member warned the side effect of easing could top benefits, sending USD/JPY to session lows. Recall the more recent BOJ decision last week did not produce a rumored fracture that would have questioned opend ended QE stance.- Australia released May skilled vacancies decline of 1% m/m. The fall registered advertisements of 153.5K, a 10-month low.- Bank of Korea Gov Lee continued to express concern about the impact of MERS on broader economy. Recall the latest surprise BOK rate cut was attributed on the potential impact of the outbreak.***Equities***US ADRs:- MEET: Guides Q2 higher to R$10.5-10.7M v $9Me ($9-9.5M prior); +20.1% afterhours - VNDA: Announces Positive Results from the Relapse Prevention Study in Patients with Schizophrenia (REPRIEVE) Demonstrating the Long-Term Maintenance Effects of Fanapt (iloperido); +4.6% afterhours - NFLX: *ANNOUNCES 7-1 STOCK SPLIT; +3.3% afterhours - PRXL: Guides Q4 $0.70-0.78 v $0.74e, Rev $517-533M v $533Me, initial FY16 $3.02-3.38 v $3.24e, R$2.16-2.216B v $2.21Be; -0.8% afterhours - SYY: US Judge: Merger with US Foods should be halted for further antitrust review, ruling in favor of FTC - financial press; -1.9% afterhours- SourceTradeTheNews.com
Forex Trading News
Forex Research
Daily Forex Market News
Forex news reports can be found on the forex research
headlines page below. Here you will find real-time forex market news reports
provided by respected contributors of currency trading information. Daily forex
market news, weekly forex research and monthly forex news features can be found
here.
Forex News
Real-time forex market news reports and features providing
other currency trading information can be accessed by clicking on any of the
headlines below. At the top of the forex blog page you will find the latest
forex trading information. Scroll down the page if you are looking for less
recent currency trading information. Scroll to the bottom of fx blog headlines
and click on the link for past reports on forex. Currency world news reports
from previous years can be found on the left sidebar under "FX Archives."
RSS News Feed
Veteran FX Trader, Max McKegg, forecasts all the Major currencies and the Australasians; providing Daily and Medium Term Trading forecasts to subscribers, who include large Banks the world over, as well as individual traders in more than 30 different countries.
