11 Feb 2015
Market Movers: Quiet session in Asia – TDS
FXStreet (Barcelona) - Prashant Newnaha, Asia-Pacific Macro Strategist at TD Securities shares the market performance in the Asian trade.
Key Quotes
“After reading conflicting signals about a debt deal for Greece overnight (and we await any news from tonight’s ‘negotiations’) we settled into a quiet session in Asia, especially with key market participant Japan on holiday.”
“ACGB and NZGB yields edged higher and the curve steepened with short yields +1bp and longer end yields up +5bps in Australia, while NZ underperformed with +4-5bps across the curve.”
“Most G10 currencies are unchanged except +0.35% for NZD at US$0.7430 (markets refusing to entertain a rate cut there) while the JPY is 0.1% weaker (¥119.50). The AUD is up only 0.1% to US$0.7780 despite two solid macro reports.”
“Equities were mixed with China up smalls, +0.2%, Australia –0.6%, India +0.4%.”
“Commodities are largely unchanged, gold at US$1236, +US$3, copper –0.2%, iron ore +0.4%, while Brent crude is unchanged at US$56.45.”
Key Quotes
“After reading conflicting signals about a debt deal for Greece overnight (and we await any news from tonight’s ‘negotiations’) we settled into a quiet session in Asia, especially with key market participant Japan on holiday.”
“ACGB and NZGB yields edged higher and the curve steepened with short yields +1bp and longer end yields up +5bps in Australia, while NZ underperformed with +4-5bps across the curve.”
“Most G10 currencies are unchanged except +0.35% for NZD at US$0.7430 (markets refusing to entertain a rate cut there) while the JPY is 0.1% weaker (¥119.50). The AUD is up only 0.1% to US$0.7780 despite two solid macro reports.”
“Equities were mixed with China up smalls, +0.2%, Australia –0.6%, India +0.4%.”
“Commodities are largely unchanged, gold at US$1236, +US$3, copper –0.2%, iron ore +0.4%, while Brent crude is unchanged at US$56.45.”