Asian equities more than reversed Monday's losses after a firmer close on Wall Street and a turn around in $/Yen lifted sentiment with Tokyo & Hong Kong outperforming (Nikkei +0.89%, Hang Seng +1.50%, Shanghai Comp +0.61% % S&P/ASX +0.30%). Bond markets were mixed with JGB's looking to close at its highest level since early September, Aussie Bonds remianing firm but unchanged on the day & US 10yrs gaining a couple of tick but remaining close to y/days lows. Volume was subdued in TYZ7s with just 62k lots going through in a 3 tick range. The main event of the session was the release of the RBA minutes which were slightly dovish in tone. This sent the AUD$ down to its lowest levels since June in an otherwise uninspiring FX session with the US$ just slipping back from yesterdays highs. Elsewhere, Oil was flat and Gold regained some ground after its biggest fall in several months.
Key Headlines:
-RBA Minutes
https://www.rba.gov.au/monetary-policy/rba-board-minutes/2017/2017-11-07.html
-Auastralian ANZ Roy Morgan Wkly Cons Conf 116.4 vs 114.8 pvs.
-The PBoC set the yuan mid-point at 6.6356 against the Dollar
-The PBoC injected 130 Bln yuan via 7-day reverse repos, 40 Bln yuan via 14-day reverse repos, 10 Bln yuan via 63-day reverse repos
-New Zealand Credit Card Spending Data M/M +0.8%, pvs +0.7%Y/Y +2.9%, pvs +4.9%
-Japan All Industries Activity Index M/M -0.5% F/C-0.4% Previous +0.2%
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