Asian stock markets: Nikkei fell 0.34 %, Shanghai Composite down 0.20 %, Hang Seng rose 0.05 %, ASX 200 dropped 0.57 %
Commodities: Gold at $1266.13 (+0.11 %), Silver at $16.25 (+0.05 %), WTI Oil at $49.20 (-0.38 %), Brent Oil at $52.15 (-0.42 %)
Rates: US 10 year yield at 2.25, UK 10 year yield at 1.14, German 10 year yield at 0.46
News & Data:
NAB Business Confidence Index 12 vs 8 previous
CNY Trade Balance 321 B vs 294 B expected
USD Consumer Credit m/m 12.4 B vs 15.6 B expected
GBP BRC Retail Sales Monitor (YoY) 0.9% vs 1.2% expected
JPY Current Account 1.52 T vs 1.52 T expected
Asian stocks opened on a flat note today after a disappointing Chinese trade data, although the surplus was higher both exports and imports missed on expectations.
The US Dollar tried to keep a grip on the gains made after upbeat U.S. jobs data last week., EUR/USD from it’s opening price of 1.17954 popped towards 1.1820 with a steady grind higher at first and then quickly above 1.1810.
AUD/USD had been moving a little higher in the morning ahead of the NAB business confidence index release and it subsequently climbed a little more, reaching the high of 0.79393.
The cable had a better run in the Asian session, GBP/USD opened at 1.30343 and was up almost 25 odd points on the day so far (at its high). Whereas, the USD/JPY fell from it’s opening at around 110.75 to below 110.60