Asian equities were mixed on Thursday as the lack of economic data & national Holidays in both Japan & the U.S. contributed to the below average volumes. The Hang Seng & Aussie markets were pretty much unchanged with Chinese markets on the back foot (Hang Seng -0.04%, Shanghai Comp -1.27% & S&P/ASX +0.00%). Bond markets were also subdued with the TYZ7 drifting from the open in below average volume of 36k lots. Aussie Bonds were also quiet, opening firmer but unable to follow through and slipping back to finish just ahead on the session. JGB's were closed for Labour Thanksgiving day. The Dollar remained weak testing major support vs the Yen near the open (50% fibo @ 111.03) before regaining ground to finish unchanged on the day. Elsewhere Oil slipped back a touch from its 2 year high while gold gave back some of the previous days gains.
Key Headlines:
-New Zealand Retail Sales Ex. Inflation Q/Q (Q3) +0.2% vs +0.1% exp, pvs +1.9%
-The PBoC set the yuan mid-point at 6.6021 against the Dollar - Strongest
fixing since October 18th
-The PBoC injected 140 Bln yuan via 7-day reverse repos; 120 Bln yuan via 14-day reverse repos; 10 Bln yuan via 7-day reverse repos.
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