Free Trial

Edging Higher

EQUITIES

Less worry surrounding spill overs re: China Evergrande seemed to support the broader risk tone in early Asia-Pac dealing, with participants welcoming restructuring/nationalisation speculation surrounding the name, although a lack of clarity surrounding a US$ coupon payment on one of the company's offshore bonds (due today) saw the name, and various regional property metrics, move back from early peaks.

  • The major regional equity indices have all nudged higher during Asia-Pac hours, aided by the positive lead from Wall St., with a bid in IT & energy names allowing the ASX 200 to outperform.
  • E-minis haven't been derailed by a hawkish FOMC dot plot (released Wednesday), nudging higher overnight.
  • Japanese markets were closed on Thursday, sapping some liquidity out of the region.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.