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ASIA

Coming up in the Asia-Pac session on Tuesday:

USDCAD TECHS

Corrective Bounce

AUDUSD TECHS

Bearish Threat Following Friday’s Sell-Off

EURJPY TECHS

Finds Support Below The 50-Day EMA

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Asian summary

EQUITIES

Asian Equities traded in red territory for the most part, while US equities managed to trade back in the Green for the SPX, albeit within ranges.

  • The Shanghai Composite Index fell for the second day, as Yangtze Power Co fell, contributing to the index's decline.
  • S&P kept a bid tone on the hope of a new proposal for a stimulus package, in turn keeping the Asian index benchmark downsides somewhat limited.
  • Australia is set to loosen lending laws to boost the flow of credit, has help local index with some spillovers into Asia.
  • Looking ahead, we have a lighter session on the data front, with US Durable goods the notable event.
  • We have more CB speakers to close the week oof, with ECB Villeroy/de Cos and Fed Williams.George.
  • Nikkei is 23,201.0 up 0.51%
  • Shanghai: 3,223.0 -0.36%
  • Hang Seng: 23,220.0 -0.38%
  • Kospi: 2,278.79 +0.27%
MNI London Bureau | +44 203-865-3806 | fabrice.benhassine@marketnews.com
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