Friday, January 12, 2018

Asian investors improved mood

Asian investors improved mood

Japanese Nikkei + 0,32%

Australian ASX + 0,52%

Shanghai SSEC -0,11%

Hong HangSeng + 0,86%

Korean Kospi + 1,49%

Trading in Asia today are on an optimistic note, after reassessment, the referendum results by the market in Italy. haven assets are not in demand. Yen last night moved to weaken. Today, trading is about opening mark. Gold also loses momentum. The market, in general, continues to win back strong macroeconomic statistics for the United States, which speaks in favor of a more rapid tightening of the Fed's monetary policy than previously expected. Investors gradually shifted the focus to the upcoming meeting of the Federal Reserve, which will be held next week on 13-14 December. A single rate hike already laid in the market value of the assets, but the head of the Fed rhetoric may become a new driver. Besides the Fed, even this week, the driver can become a macro-economic data from China. Thursday will be published statistics on trade, and on Friday the data on inflation. Polling experts suggest that China's economy in November should show steady growth.

The yield of Japanese government bonds continue to rise. Investors do not feel the risk and looking for more profitable assets.


The Yen is consolidating after the rapid growth of about 114 per dollar. The current dynamics of the debt market supports quotes pair usd / jpy. However, the chances of a correction to the 111 is still rather big. After this correction, the current overbought will be neutralized and can easily go up to 120 yen per dollar. Today's economic data is partly spoken in favor of increasing inflation expectations. The average salary of the year increased by 0.1% to the year, although less than expected by experts.


Reserve Bank of Australia today left interest rates unchanged at 1.5%, in line with expectations. Given that the recent inflationary expectations in all developed and developing economies grew, another decision of the Australian regulator to wait and not worth it. In addition, to maintain a big difference with the US monetary policy is also dangerous.

The Australian dollar reacts to the RBA meeting sluggish dynamics, while the national currency for a few days is in an upward trend. But reasons for the negative dynamics as is. Experts fear that the economy may show negative growth in the third quarter. These data will be published tomorrow.



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