A negative session in Asian equities with most markets finishing in the red. China again led the way with the Shanghai Comp reaching levels not seen since early August. The Aussie market was the exception today finishing in posititve territory after a strong performance in the Financial Sector. (Nikkei -0.33%, Hang Seng -0.60%, Shanghai Comp -0.82% & S&P/ASX +0.10%). Bond markets were generally lower with JGB's and Aussie 10s trading below Fridays while UST's recovered to trade just above after penetrating them earlier in the session. TYZ7s volume was a respectable 85k in a tight 3.5 tick range. FX markets were quiet in tight ranges with the US$ remaining at or close to its recent lows. Elsewhere Oil was slightly lower and Gold gained on the back of the soft Dollar. Also Iron Ore continued with its recent rally while Bitcoin is currently trading within 300 points of the 10k level.
-Key Headlines:
-Japanese PPI Services (Y/Y) Oct: 0.8% (exp 0.9%; pvs 0.9%)
-China Oct Industrial Companies Profits +25.1% Y/Y (pvs 27.7)
-PBoC Fixes Reference Rate At 6.5874 (pvs fix 6.5810 pvs close 6.6028)
-PBoC To Inject CNY 70 Bln Via 7 Day Reverse Repos; CNY 60 Bln Via 14 Day Reverse Repos; CNY 10 Bln Via 63 Day Reverse Repos.
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