Global Markets:
- Asian stock markets: Nikkei fell 0.04 %, Shanghai Composite down 0.92 %, Hang Seng dropped 1.28 %, ASX 200 fell 0.21 %
- Commodities: Gold at $1282.71 (+0.27 %), Silver at $16.86 (+0.06 %), WTI Oil at $49.55 (-0.02 %), Brent Oil at $52.70 (+0.02 %)
- Rates: US 10-year yield at 2.24, UK 10-year yield at 1.10, German 10-year yield at 0.43
News & Data:
- Crude Oil Inventories -6.5 M vs -2.6 M expected
- RBNZ Interest Rate Decision 1.75 % vs 1.75 % expected
- GBP Rics House Price Balance 1 % vs 8 % expected
- CAD Building Permits m/m 2.5 % vs -1.8 %
- AUD MI Inflation Expectations 4.2 % vs 4.4 % previous
- North Korea calls Trump’s warning a ‘load of nonsense’- RTRS
- Japan PM should focus on regulatory reforms, say economists- RTRS
Markets Update:
Asian stocks turned lower reversing earlier gains on Thursday as investors continued to take risks off the table owing to the continued tensions between the United States and North Korea
EUR/USD was little changed and slipped down only about 0.1 percent in value to the lows of 1.1732 while the dollar index against a basket of major currencies added 0.1 percent to 93.620.
NZD/USD slipped to a near one-month low of $0.7300 losing 0.5 % after Reserve Bank of New Zealand Governor Graeme Wheeler’s comments on the NZ Dollar.
AUD/USD opened Asia 0.7991 after a steady session in the Wall Street, before reversing lower to revisit the session low at 0.7870 loosely tracked by the movements in the NZD.
USD/JPY after going as low as 109.560, its weakest in eight weeks. ticked a few points higher into the Tokyo fix time today, popping above 110.10 briefly before giving back some of its gains.
Upcoming Events:
- 08:30 GMT – (GBP) Manufacturing Production m/m
- 12:30 GMT – (USD) Unemployment Claims
- 12:30 GMT – (USD) PPI m/m
- 23:30 GMT – (AUD) RBA Gov Lowe Speaks
