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Asian Market Update

Published 02/15/2013, 06:09 AM
Updated 01/01/2017, 02:20 AM
USD/JPY
-0.11%
AUD/USD
0.00%
NZD/USD
0.00%
AUD/NZD
0.00%
JP225
1.77%
HK50
-0.04%
AUTN
0.00%
AGG
0.00%
CL
-0.61%
DCMYY
0.00%
TM
1.09%
GC
-1.69%
SI
-2.28%
CL
1.41%
GLD
-0.69%
SLV
-1.40%
EONGn
0.54%
MAR
0.00%
NWSA
-1.28%
CRLRQ
0.00%
HLF
1.52%
KS11
-1.02%
NZD at new multimonth highs after strong retail sales; JPY strengthens on leaked G20 communique draft with no currency focus

Economic Data
  • (NZ) NEW ZEALAND Q4 RETAIL SALES EX-INFLATION Q/Q: 2.1% V 1.4%E
  • (NZ) NEW ZEALAND JAN NON-RESIDENT BOND HOLDINGS: 66.7% V 64.0% PRIOR
  • (JP) Japan investors sold net ¥645B in Foreign Bonds last week vs sold net ¥370B prior week; Foreign Investors bought net ¥212.9B in Japan stocks last week vs bought net ¥419.5B in prior week
  • (CL) CHILE CENTRAL BANK LEAVES NOMINAL OVERNIGHT RATE TARGET UNCHANGED AT 5.00%; AS EXPECTED
Markets Snapshot (as of 05:00 GMT)
  • Nikkei225 -1.6%
  • S&P/ASX +0.1%
  • Kospi -0.1%
  • Shanghai Composite closed
  • Hang Seng +0.9%
  • Mar S&P500 -0.1% at 1,516
  • Apr gold flat at $1,632/oz
  • Mar Crude Oil +0.1% at $97.38/brl
Notes/Observations

New Zealand continue string of positive data; Stronger than expected retail sales follow eight-month high manuf PMI yesterday, sending NZD/USD to new multi-month highs and AUD/NZD to new multi-year lows

Fed Balance sheet about $3T.

Yen seesaws on comments from various Japan officials, rising after Amari said no target for Nikkei225 (backtracking from weekend comments), then falling after LDP party member endorsed currency devaluation as a policy.

G20 draft communique leading JPY stronger late in the day; USD/JPY falls below ¥92.20 after report hints no specific mention of currency in the statement.

G20 meeting kicks off in Russia today, where a meteorite shower appears to have stricken in the resource-rich Urals region.

Happy Valentine's Day to all our readers!

Speakers/Political/In the Papers

  • (JP) Japan PM Abe: Nears selection for next BoJ gov, decision could come in the next few days; Toshiro Muto still said to be the leading candidate - financial press
  • (JP) Japan Econ Min Amari: No target for Nikkei225 index; PM Abe is carefully considering BOJ candidates; ability will be more important than background - financial press
  • (JP) Nomura raising Japan Real GDP growth forecast to 2.0% from 1.8%
  • (JP) Japan LDP Min Kozo Yamamoto: currency devaluation spurs growth - financial press
  • (AU) RBA's Edwards: AUD is very high and hurting exporters; does not want another boom in household consumption
  • (AU) Australia Treasurer Swan: Economic recovery is not yet self sustaining; global uncertainty continues to impact region - financial press
Currencies/Fixed Income/Commodities
  • SLV: iShares Silver Trust ETF daily holdings rise to 10,521 tons from 10,494 tons prior (highest since Jan 22nd)
  • GLD: SPDR Gold Trust ETF daily holdings fall by 3.0 tons to 1,323.0 tons (lowest since 1,322.6 on Oct 2nd)
  • GLD: Chinese Gold and Silver Exchange Society president: Gold prices to remain stable this year at $1,600-1,700/oz - Chinese press
  • (US) Weekly Fed Balance Sheet Assets Week ending Feb 13th: $3.056T v $2.996T prior; M1: +$11.1B v +$10.2B prior; M2: +$7.8B v +$9.8B prior
  • (AU) Australia MoF (AOFM) sells A$600M in 4.75% 2-yr Bonds; avg yield: 2.8433%; bid-to-cover: 5.56x
  • AUD/USD: Falls about 15 pips to $1.0345 following comments from Edwards
  • NZD/USD: NZD extending gains above $0.8515 in the wake of NZ retail sales rise, highest level since Aug 2011
Equities
  • OCBC.SG: Reports Q4 Net S$663M v S$624Me, Rev S$1.68B v S$1.50Be
  • NTT DoCoMo 9437.JP: Seeks to acquire financial services, retail firms - financial press
  • Citizen Holding 7762.JP: Plans to implement structural reforms; to cut 10% of workforce - Nikkei News
  • ANZ.AU: Reports Q1 Net A$1.36B, -20% y/y; Cash profit A$1.53B, +6.2% y/y
  • DJS.AU: CEO Zahra: Rate cuts and a rebounding equity market are not enough to stimulate consumer spending - Australia press
  • Toyota 7203.JP: (JP) President / Head of Japan Automobile Manufacturer's Association (JAMA) Toyoda : Weaker yen may impact Q4 earnings; Welcomes decision to eliminate auto purchase tax - financial press
  • HLF: Icahn discloses 14M share stake (12.98%); intends to have discussions with management on enhancing value; analysis shows Herbalife has "legitimate business model" - 13D filing
  • UPS: *RAISES DIVIDEND 8.8% to $0.62 from $0.57; Reauthorizes share repurchase program for $10B (about 13% of market cap)
  • BRCD: Reports Q1 $0.21 v $0.16e, R$588.7M v $576Me
  • A: Reports Q1 $0.63 v $0.67e, R$1.68B v $1.69Be
  • ASGN: Reports Q4 $0.31 v $0.28e, R$402M v $387Me
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