Forex News: USD/JPY keeps falling in Asia on heightened risk aversion ahead of U.S. data, bank earnings later; pair last at 104.20; EUR/JPY lower at 166.10 as Asian investors offloaded short JPY positions. EUR/USD tad higher at 1.5909. Fairly muted day for Asian stocks: Nikkei closes flat, +0.05%; Kospi closes down 0.1%, in the red for the 28-straight day, longest streak ever. HSI down 0.1%. RBA Governor Glenn Stevens sends firmest signal yet that interest rates on hold; warns inflation will still go higher before it begins retreating but says tighter financial conditions, absence of major wage demand pressure will ease consumption. Aussie Westpac/Melbourne Institute Leading Index +2.1% annualized in May from +2.6% in April, indicates economy likely to slow at sharpest rate of decline since February 2001 in next 3-to-9 months. BOJ's July monthly report says economy slowing on rising energy and material costs, cites weakness in private consumption, production and housing investment; essentially repeats BOJ's post meeting statement yesterday. Intel +1.2% in after hours trade on strong 2Q net income. Sun Microsystems +12.3% after-hours; projections in line with estimates, reassuring investors. Nymex August crude down 34 cents at $138.40/bbl.
0 comments:
Post a Comment