Trial now
AUSSIE 10-YEAR TECHS

(M1) New Multi-Month Highs

AUSSIE 3-YEAR TECHS

(M1) Directional Triggers Intact

USDCAD TECHS

Approaching Major Support

US TSYS SUMMARY

Inflation Concerns Underpin Bear Steepening

AUDUSD TECHS

Bullish Theme

MNI (London)
--Japan Feb Consumer Confidence Index 38.4 Vs Jan 39.1 
--Japan Govt Lowers View: Consumer Confidence marking Time
     TOKYO (MNI) - Japan's February consumer confidence index stood a seasonally
adjusted 38.4, down from 39.1 in January, the latest Consumer Confidence Survey
published by the Cabinet Office showed Tuesday.
     --The drop came after an unchanged reading in January that followed a 0.4
point rise in December. The index highlighted a bright outlook for purchases of
durable goods and for the labour market, although the outlook was less rosy for
income and overall economic well-being.
     --The Cabinet Office lowered its assessment from the previous month, saying
consumer confidence is "marking time." The previous view was "improving".
     --Consumers were more pessimistic on all four key sentiment sectors;
overall economic well-being, labor market condition, income conditions, and the
next six months would be good time to buy durable goods.
--The sub-index on asset prices, not included in calculating overall
consumer confidence, fell 0.1 points to 40.3 after rising 0.7 points to 40.4 in
January.
     --The share of respondents projecting consumer price gains fell to 76.5% in
January, after falling 0.6 points to 78.2% in January. The share of respondents
forecasting lower prices rose to 5.5% in February from 4.8% in January, for the
second straight rise.
--MNI Tokyo Bureau; tel: +81 90-2175-0040; email: hiroshi.inoue@marketnews.com
--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com
[TOPICS: MAJDS$,M$A$$$,M$J$$$]
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com