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23 Feb 2015
Market Movers: FX muted post Greece extension news – TDS
FXStreet (Barcelona) - Prashant Newnaha, Asia-Pacific Macro Strategist at TD Securities, shares the market performance in the Asian trade.
Key Quotes
“It was a another fairly uneventful session in Asia even as most markets within the region reopen following Chinese New Year holidays (except China and Taiwan).”
“Over the weekend we got news that Greek officials are close to securing a 4 month extension of bailout funds, but in order for these funds to be disbursed, a list of policies needs to be presented by close of business today. These polices will then need Troika sign off.”
“We didn’t see risk currencies make much headway on the news with the ¥ the only currency up vs the USD, +0.12% near ¥119 while the reminder of the G10 are down on the day. The AUD, NZD, GBP, EUR are off about 0.1% while the NOK and CHF are off 0.35% ad 0.6% respectively.”
“USTs and ACGB yields are unchanged in Asia, while NZGB yields are 2bp higher.”
“Across in equities most indices have made moderate gains, the NKY advancing +0.6%, Australian stocks up +0.4%, KOSPI +0.35% but India flat into today’s budget.”
“Gold is up just US$2, but managed to hold above US$1200. Copper is up +0.7% and oil up +0.2%.”
Key Quotes
“It was a another fairly uneventful session in Asia even as most markets within the region reopen following Chinese New Year holidays (except China and Taiwan).”
“Over the weekend we got news that Greek officials are close to securing a 4 month extension of bailout funds, but in order for these funds to be disbursed, a list of policies needs to be presented by close of business today. These polices will then need Troika sign off.”
“We didn’t see risk currencies make much headway on the news with the ¥ the only currency up vs the USD, +0.12% near ¥119 while the reminder of the G10 are down on the day. The AUD, NZD, GBP, EUR are off about 0.1% while the NOK and CHF are off 0.35% ad 0.6% respectively.”
“USTs and ACGB yields are unchanged in Asia, while NZGB yields are 2bp higher.”
“Across in equities most indices have made moderate gains, the NKY advancing +0.6%, Australian stocks up +0.4%, KOSPI +0.35% but India flat into today’s budget.”
“Gold is up just US$2, but managed to hold above US$1200. Copper is up +0.7% and oil up +0.2%.”