 Asian markets turned softer today, ahead of long weekend. Major indices are trading in slightly in red as traders lighten up positions. In the currency markets, Yen is so far the strongest one for today, naturally. Australian Dollar is the second strongest, as lifted slightly by solid employment data. However, gain is so far rather limited. On the other hand, Canadian Dollar is the weakest one, paring much of yesterday's post CPI gains. New Zealand Dollar is the second weakest. A lot of important economic data are scheduled for today, including Eurozone PMIs, UK retail sales, Canada retail sales and US retail sales. Some more volatility would likely be seen before entering into holiday mode. In Asia, Nikkei closed down -0.84%. Hong Kong HSI is down -0.60%. China Shanghai SSE is down -0.36%. Singapore Strait Times is down -0.20%. Japan 10-year JGB yield is down -0.0152 at -0.024. Overnight, DOW dropped -0.01%. S&P 500 dropped -0.23%. NASDAQ dropped -0.05%. 10-year yield closed flat at 2.592. |
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