Free Trial

Mixed In Asia

EQUITIES

Wednesday represented another pretty non-committal session for Asia-Pac equity markets, with macro headline flow headlined by a stronger than expected Caixin Services PMI reading out of China, in addition to a BBG report which suggested that Australian thermal coal products were being let ashore in mainland China.

  • Participants are perhaps keeping one eye on the recent uptick in longer dated U.S. Tsy yields and the evolving fiscal dynamic in DC, after the latter allowed the major U.S. indices to close in the green on Wednesday.
  • The Australian materials sector was the outperformer on the ASX 200, aided by the latest leg higher in iron ore and the aforementioned story re: thermal coal cargo being let ashore in China.
  • Nikkei 225 -0.1%, Hang Seng +0.6%, CSI 300 -0.1%, ASX 200 +0.4%.
  • S&P 500 futures unch., DJIA futures -2, NASDAQ 100 futures +27.
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.