Share:

Asia Market Update: Currency volatility weighs on Nikkei; Yen pares rise amid BOJ bond operation; JGB yields moved off of the highs; JP GDP misses again; US jobs data due later today.

General trend

- Equity markets trade mixed.

- WTI Crude FUTs rise.

- Taiwan Semi to report monthly sales.

- China to release monthly CPI on Fri night [US time].

Headlines/economic data

Australia/New Zealand

-ASX 200 opens -0.1% at 7,166.

-Australia Treasurer: Agreed on a new monetary policy statement with the RBA.

- Reserve Bank of Australia (RBA) Head of Financial Stability Brischetto: Severe household financial stress is limited.

-New Zealand Q3 Manufacturing Activity Q/Q: -2.8% v 0.2% prior.

China/Hong Kong

-Hang Seng opens +0.2% at 16,373.

-Shanghai Composite opens flat at 2,965.

-CHINA NOV FOREIGN RESERVES: $3.1718T V $3.140TE.

-China issues economic and trade guidelines for Shanghai Free Trade Zone - press.

-China State Council: Releases plan to improve air quality; to vigorously develop new and clean energy.

-China Agricultural Ministry said to seek to stabilize hog production.

-Hong Kong Fin Sec Chan: 2024 may face a lot of volatility - TV.

Japan

-Nikkei 225 opens -0.8% at 32,600.

-USD/JPY: 1-week implied volatility at ~15.7%.

- JAPAN Q3 FINAL GDP Q/Q: -0.7% V -0.5%E; ANNUALIZED Q/Q: -2.9% V -2.0%E; GDP Deflator Y/Y: 5.3% v 5.1%e; Private Consumption Q/Q: -0.2% v 0.0%e; Inventory Contribution % to GDP: -0.5% v -0.3%e.

- JAPAN OCT LABOR CASH EARNINGS Y/Y: 1.5% V 1.0%E.

-Bank of Japan (BOJ) announcement related to daily outright bond buying operation: Maintains bond amounts unchanged.

-Japan sells ¥5.6T in 3-Month Bills; Avg Yield: -0.1556% v -0.1656% prior; bid-to-cover: 2.68x v 3.26x prior.

-Japan Oct BOP Current Account Balance: ¥2.6T v ¥1.7Te.

- Japan Oct Household Spending Y/Y: -2.5% v -2.9%e.

-Japan Nov Bank Lending Y/Y: 2.8% v 2.8% prior.

-Japan Fin Min Suzuki: No decision on timing of defense tax increase; declines comment on FX, continues to carefully watch FX moves.

- Japan PM Kishida: Decided to leave political 'faction' while in office - Tokyo.

-Japan Chief Cabinet Sec Matsuno: To continue duties, understands criminal complaint has been filed [asked about funding probe].

-Japan Trade Min Nishimura: Carefully checking own political funding [responds to question on the LDP funds 'scandal'].

Korea

-Kospi opens +0.7% at 2,510.

-Bank of Korea (BOK) and South Korea Pension Fund said to extend FX swap line - financial press.

-South Korea sells 50-year bonds: Avg Yield: 3.425%.

-South Korea Oct Current Account Balance: $6.8B v $5.4B prior [largest monthly surplus since Oct 2021].

Other Asia

- INDIA CENTRAL BANK (RBI) LEAVES REPURCHASE RATE UNCHANGED AT 6.50%; AS EXPECTED.

- India [largest global exporter of onions]: Amends onion export policy; to prohibit onion exports until Mar 31, 2024.

-Taiwan Defense Min: China balloon might have been a weather balloon; the balloon was spotted in the Taiwan Strait.

Levels as of 00:20 ET

- Nikkei 225, -1.9%, ASX 200 +0.3% , Hang Seng +0.3%; Shanghai Composite +0.4% ; Kospi +1%.

- Equity S&P500 Futures: flat; Nasdaq100 -0.1%, Dax +0.2%; FTSE100 +0.3%.

- EUR 1.0800-1.0782 ; JPY 144.32-142.49 ; AUD 0.6619-0.6592 ;NZD 0.6189-0.6130.

Share: Feed news

All information provided by Trade The News (a product of Trade The News, Inc. "referred to as TTN hereafter") is for informational purposes only. Information provided is not meant as investment advice nor is it a recommendation to Buy or Sell securities. Although information is taken from sources deemed reliable, no guarantees or assurances can be made to the accuracy of any information provided. 1. Information can be inaccurate and/or incomplete 2. Information can be mistakenly re-released or be delayed, 3. Information may be incorrect, misread, misinterpreted or misunderstood 4. Human error is a business risk you are willing to assume 5. Technology can crash or be interrupted without notice 6. Trading decisions are the responsibility of traders, not those providing additional information. Trade The News is not liable (financial and/or non-financial) for any losses that may arise from any information provided by TTN. Trading securities involves a high degree of risk, and financial losses can and do occur on a regular basis and are part of the risk of trading and investing.

Follow us on Telegram

Stay updated of all the news

Join Telegram

Recommended Content


Follow us on Telegram

Stay updated of all the news

Join Telegram

Recommended Content

Editors’ Picks

AUD/USD dips on risk-off mood, RBNZ's dovish pivot

AUD/USD dips on risk-off mood, RBNZ's dovish pivot

The Australian Dollar (AUD) dropped 0.73%, against the US Dollar (USD) on Wednesday/s session, courtesy of a dovish hold by the Reserve Bank of New Zealand (RBNZ), which followed a solid inflation report from Australia. As the Asian session begins, the AUD/USD trades at 0.6496, virtually unchanged.

AUD/USD News

EUR/USD grinds back to flat as investors hunker down for wait to US PCE inflation print

EUR/USD grinds back to flat as investors hunker down for wait to US PCE inflation print

EUR/USD sagged early Friday after European sentiment indicators came in below expectations, and a lopsided print in US Gross Domestic Product (GDP) figures kept the pair in familiar territory midweek.

EUR/USD News

Gold rises as US Treasury yields fall before key US inflation report

Gold rises as US Treasury yields fall before key US inflation report

Gold price remains steady near $2,030 on Wednesday, posting a gain of 0.17% after the US Bureau of Economic Analysis (BEA) revealed the country's economy expanded. A drop in US Treasury bond yields has kept the yellow metal near the current month and weekly highs, capped by the 50-day Simple Moving Average (SMA).

Gold News

Bitcoin price could go into discovery mode now that BTC OTC markets hit six-year low

Bitcoin price could go into discovery mode now that BTC OTC markets hit six-year low

Bitcoin (BTC) price is trading with a bullish bias, recording milestones this week as institutional money floods the crypto markets. Galaxy CEO Mike Novogratz says BTC is now in price discovery phase now the bulk of US wealth has easy access.

Read more

Moment of truth in FX PCE tomorrow

Moment of truth in FX PCE tomorrow

During today's TradeGATEHub Live Trading session, Coach Dale discusses the significance of closing above inter-day spikes in the DXY. He also provides an update on the Rising Wedge pattern in the Dow, as well as his critical threshold for 10-year yields. 

Read more

Majors

Cryptocurrencies

Signatures