Asian markets were mixed on Tuesday and after initially opening lower on the back of US weakness, they found a small bid later in the day to finish in positive territory (Nikkei +0.09%, Hang Seng +0.03%, Shanghai Comp +0.08% & S&P/ASX +0.03%). Bond markets remained at or close to unchanged for most of the session with TYZ7s trading in a 2.5 tick range on uninspiring volume of 44k lots. JGB's had a slightly larger range but trade only 1 tick higher as we speak. The Dollar also traded in reduced volumes but after opening unchanged it spent the session drifting into negative territory. Elsewhere Gold was $3 to the good and Oil finished the session slightly ahead of the previous days close.
Key Headlines
-Australia ANZ Roy Morgan Wkly Consumer Confidence (Oct 22) 113.3, pvs 112.4
-Japan Nikkei Manufacturing PMI (Oct P) 52.5 versus 53.1 expected, pvs 52.9
-The PBoC set the yuan mid-point at 6.6268 against the Dollar; injected 130 Bln yuan via 7-day reverse repos & 120 Bln yuan via 14-day reverse repos
-South Korea, US and Japan to carry out two-day missile warning exercise beginning today
-New Zealand PM-Designate Jacinda Ardern said she is committed to fiscal responsibility, adding a significant increase in minimum wage will be seen.
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