Asian equities took their lead from the stronger close on Wall Street with all major markets making gains (Nikkei +0.27%, Hang Seng +0.01%, Shanghai Comp +0.33%, S&P/ASX +0.60% & Kospi +0.82%). The Nikkei is now getting very close to its 2015 highs. Bond markets were mixed but generally lower after yesterday afternoons sell off. UST's had a look towards the lows but were unable to follow through. Aussie Bonds opened lower only to slowly squeeze higher to finish positive on the day. Volumes were up on the previous sessions with around 77k TYZ7's changing hands. The Dollar had a choppy session, initially trading higher before selling off to fresh lows before a flurry of late buying pushed it marginally into the black. Elsewhere Gold gave some of its recent gains back to finish $4.00 lower on the session while Oil added to the previous days gains to finish higher on the day.
Key Headlines:
-Australia Westpac Consumer Confidence (Oct) 101.4, previous 97.9
-Japan Core Machine Orders Data M/M +3.4% vs +1.0% exp, prvs +8.0%. Y/Y +4.4% vs +0.7% exp, prvs -7.5%.
-The PBoC set the yuan mid-point at 6.5841 against the Dollar and injected 20 Bln yuan via 7-day reverse repos. Strongest fixing since 20th September
-Dallas Fed Governor Kaplan (V) said he intends to keep an open mind on hiking interest rates in the US at upcoming FOMC meetings.
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