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Asian Market Update: Australia Declares September Elections

Published 01/30/2013, 06:41 AM
Updated 01/01/2017, 02:20 AM
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Australia declares September elections; Fitch warns on US credit rating

Economic Data

(AU) AUSTRALIA DEC DEWR INTERNET SKILLED VACANCIES M/M: -2.8% V -3.4% PRIOR

(JP) JAPAN DEC RETAIL TRADE M/M: 0.1% V 0.4%E; Y/Y: 0.4% V 0.3%E; LARGE RETAILERS' SALES: 0.0% V -1.0%E

(KR) SOUTH KOREA DEC CYCLICAL LEADING INDEX CHANGE Y/Y: 0.4% V 0.3% PRIOR

(KR) SOUTH KOREA DEC CURRENT ACCOUNT: $2.3B V $6.9B PRIOR; GOODS BALANCE: $2.0B V $6.8B PRIOR

(NZ) NEW ZEALAND DEC BUILDING PERMITS M/M: 9.4% V 6.0%E (first rise in three months; 9-month high)

Markets Snapshot (as of 05:00 GMT)

Nikkei225 +1.9%

S&P/ASX +0.2%

Kospi +0.5%

Shanghai Composite +0.1%

Hang Seng +0.7%

Mar S&P500 -0.1% at 1,503

Feb gold +0.3% at $1,665/oz

Mar Crude Oil flat at $97.55/brl

Currencies/Fixed Income/Commodities

(AU) Australia MoF (AOFM) sells A$600M 2023 Bonds; avg yield: 3.50%; bid-to-cover: 3.89x

(AU) Australia PM Gillard: Federal elections will be held on 14th Sept - financial press

(US) Fitch: May cut US sovereign rating if there is no consensus on debt ceiling issue - financial press

(EU) Fitch: Expecting a "pick-up" in peripheral euro zone

Speakers/Political/In the Papers

(JP) Japan PM Abe: Plans to boost wages, maintain long-term rates from rising through flexible macro economic policies and fiscal reforms - financial press

(JP) Japan Center for Economic Research (JCER) President Iwata: Suggested BoJ should double assets to achieve 2% inflation target - financial press interview

(NZ) New Zealand Fin Min English: New Zealand is making progress towards budget surplus for 2015

Equities

LG Electronics 066570.KR: Follow-up: Reports Q4 Net loss KRW468B v profit KRW89Be; Op profit KRW107B v KRW151Be; Rev KRW13.5T v KRW13.5Te

Sekisui 4204.JP: Reports 9-month Net ¥19.8B v ¥17.3B y/y, Op Profit ¥34.9B v ¥36.8B y/y, Rev ¥754.8B v ¥716.1B y/y

000660.KR: Sees Q1 DRAM shipments to decline q/q by mid-single digit - financial press

AWE.AU: Reports Q2 Rev A$77M v A$68M y/y, Oil & Gas Production at 1.3Mboe +33% q/q

3880.JP: May report 9-month pretax profit over ¥3.5B, +70% y/y; Rev seen up slightly at ¥305B - Nikkei News

9104.JP: May report 9-month pretax loss around ¥16B v loss ¥18.6B y/y - Nikkei News

9101.JP: May report 9-month pretax profit around ¥16B v loss ¥24.8B y/y - Nikkei News

9107.JP: May report 9-month net profit around ¥8B v loss ¥42B y/y - Nikkei News

6981.JP: May report FY12/13 op profit around ¥55B, +20% y/y; Rev seen rising 30% to ¥190B - Nikkei News

5214.JP: To expand LCD glass substrate facility in Korea - Japanese press

9983.JP: Plans to open largest store in Shanghai in 2013 - Japanese press

9984.JP: May report 9-month op profit to be around ¥590B, +10% y/y; Rev to be ¥2.5T, +4% y/y - Nikkei News

QAN.AU: Group led by ex-CEO Dixon has sold their stake - Australian press

RYL: Reports Q4 $0.56 v $0.50e, R$440M v $399Me: +3.4% afterhours

BRCM: Reports Q4 $0.76 v $0.74e, R$2.08B v $2.07Be: -1.1% afterhours

AMZN: Reports Q4 $0.21 v $0.28e, R$21.27B v $22.3Be: +8.9% afterhours

TM: Union to seek bonus amount of over ¥2M, first in five years - Kyodo News

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