– (SG) SINGAPORE JAN CPI M/M: 0.9% V 0.8%E; Y/Y: 4.8% V 4.9%E; CORE CPI 3.5% Y/Y
– (AU) AUSTRALIA NOV AVERAGE WEEKLY WAGES M/M: 0.5% V 1.0%E; Y/Y: 4.3% V 4.7%E
– (JP) Japan investors sold ¥100B in foreign bonds last week v ¥1.0T bought in prior week
– Nikkei225 +0.2%
– S&P/ASX -0.2%
– Kospi -1.1%
– Taiwan Taiex -0.7%
– Singapore Straits Times -1.0%
– Shanghai Composite -0.1%
– Hang Seng -1.0%
– S&P Futures -0.1% at 1,355
– April gold +0.2% at $1,775/oz
– April Crude -0.3% at $105.97
– Markets were bearish today as the global outlook continues to be cloudy. China’s benchmark money market rate hit a 5-week high at 6.80% for CNY30B in 6-month deposits. A Read more…
FOREX NEWS – Euro rises as China comments outweigh soft GDP
Euro, riskier currencies buoyed by China comments
Contraction in euro zone GDP could weigh in medium term
Greek bailout uncertainty persists but markets optimistic
Dollar hits 31/2 mth high vs yen after BOJ easing steps
LONDON, Feb 15 The euro rose against the dollar on Wednesday after China said it would continue investing in euro zone debt, offsetting a contraction in quarterly GDP that added to concerns the currency bloc could slip into recession later in the year.
Euro zone output shrank by 0.3 percent in the fourth quarter of 2011, as forecast, and prompted little reaction in the euro. Analysts said weak European growth could weigh on the euro against the dollar the medium term as the U.S.
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