Moderating Price Pressure Leaves China Room For Stimulus

Below gives key levels of markets in the second half of the Asia-Pac session:

• Nikkei 225 down 399.55 points at 27846.09
• ASX 200 down 84.143 points at 6935.4
• Shanghai Comp. up 18.638 points at 3257.592
• JGB 10-Yr future down 3 ticks at 149.62, yield unch. at 0.251%
• Aussie 10-Yr future down 6.5 ticks at 96.324, yield up 6.6bp at 3.672%
• U.S. 10-Yr future -0-03 at 117-26+, yield up 1.3bp at 3.055%
• WTI crude down $0.7 at $120.81, Gold down $4.33 at $1843.52
• USD/JPY down 15 pips at Y134.21
• CHINA INFLATION DATA SHOW PRICE PRESSURES MODERATING
• JAPAN MOF, BOJ, FSA OFFICIALS TO DISCUSS FINANCIAL MARKETS AT 4PM (BBG)
• TSY SEC YELLEN: U.S. RECESSION UNLIKELY, BUT NO DROP IN GASOLINE PRICES SOON (RTRS)
• BORIS JOHNSON FACES EUROSCEPTIC REVOLT OVER NORTHERN IRELAND PROTOCOL BILL (FT)