An active Asian session dominated by the continuing US tax bill saga. We started with a 'Risk On' attitude, but this soon changed once it was announced that the vote was to be delayed until 16:00 gmt today. This caused equities to slip and Bonds to rally with the Dollar trading off to session lows. Equity markets later bounced to finish mixed on the day (Nikkei +0.43%, Hang Seng -0.23%, Shanghai Comp -0.29% & S&P/ASX +0.33%). Treasuries remained firm, closing near session highs, 4 ticks up from the close with a decent 100k+ changing hands. JGB's also faired well gaining 9 ticks after the previous days sharp sell of. Aussie Bonds didn't fair so well finishing at sessions lows on technical selling. The US$ later recovered to finish unchanged vs most pairs but slightly lower vs the Euro in fairly choppy trade. Elsewhere Oil finished higher and Gold bounced from the sharp sell off the previous day.
-Key Headlines:
-Japan Jobs Report Jobless Rate +2.8% vs +2.8% exp, pvs +2.8%. Job-to-Applicant Ratio +1.55 vs +1.52 exp, prvs +1.52
-Japan National CPI Data Y/Y +0.2% vs +0.2% exp, pvs +0.2%. Ex.Fresh Food Y/Y +0.8% vs +0.8% exp, prs +0.7%. Ex. Fresh Food & Energy Y/Y +0.2% vs +0.2% exp, pvs +0.1%.
-Japan Overall Household Spending Y/Y (Oct) 0.0% vs -0.3% exp, prvs -0.3%
-Japan Capital Spending Y/Y (Q3) +4.2% vs +3.2% exp, prs +1.5%
-Japan Nikkei Manufacturing PMI (Nov F) 53.6, previous 53.8 – Highest since March 2014
-The PBoC set the yuan mid-point at 6.6067 against the Dollar & skips OMOs today
-The PBoC drained a net 40 Bln yuan for the week via OMOs
-China Caixin Manufacturing PMI (Nov) 50.8 vs 50.9 exp, pvs 51.0
-USGS said a magnitude 6.3 earthquake hit Iran
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