Global Markets:
- Asian stock markets: Nikkei fell 1.43 %, Shanghai Composite down 0.29 %, Hang Seng dropped 0.67 %, ASX 200 rose 0.40 %
- Commodities: Gold at $1270.41 (+0.62 %), Silver at $16.50 (+0.70 %), WTI Oil at $49.01 (-0.33 %), Brent Oil at $51.93 (-0.40 %)
- Rates: US 10 year yield at 2.25, UK 10 year yield at 1.15, German 10 year yield at 0.47
News & Data:
- AUD Home Loans (MoM) 0.5 % vs 1.5 % expected
- CNY CPI y/y 1.4 % vs 1.5 %
- CNY PPI y/y 5.5 % vs 5.6 %
- JOLTS Job Openings 6.16 M vs 5.74 M expected
- U.S. job openings at record high; labor market tightening – RTRS
- Oil falls for third day as doubts over OPEC cuts linger – RTRS
Markets Update:
Asian stocks and U.S. equity-index futures dropped as investors took a risk-off approach and piled into havens such as U.S. Treasuries, gold and the yen as tensions on the Korean peninsula escalated
USD/JPY and all JPY crosses benefited in the Asian session, The yen rose over 0.4 percent to 109.74 per dollar, an eight-week high.
EUR/USD has slipped just a tad lower from its late US levels opening Asia at 1.1750, Buyers are holding the price just above yesterday’s low of 1.1715.
AUD/USD has been hit lower on North Korean tensions reaching lows of 0.78552 against the US dollar. The risk barometer AUD/JPY fell sharply losing over 150 pips.
Upcoming Events:
Wednesday, August 09th
- 12:30 GMT – (CAD) Building Permits m/m
- 14:30 GMT – (USD) Crude Oil Inventories
- 21:00 GMT – (NZD) Official Cash Rate
- 21:00 GMT – (NZD) RBNZ Rate Statement
- 21:00 GMT – (NZD) RBNZ Press Conference
