11 Jun 2013
Flash: Asian markets and London session – Merrill Lynch BoA
FXstreet.com (London) - Research teams at Merrill Lynch and BoA highlight key market activity
Asia Market, BoJ and Asian Currencies
The research teams at the bank said the Asian stocks were mixed in early trade on Tuesday as investor’s awaited signals on further bond buying by the Bank of Japan after its policy meeting. They added Indonesian equities were down 4.3% while the Hang Seng was down 0.7% - Asian currencies were either flat or weaker against the dollar with the KRW depreciating up to 0.59% against the greenback. They suggested the key economic releases lined up later in the day include Malaysia industrial production and US wholesale inventories and sales data.
London Currency Market
They felt the London trading session would be set to trade busy taking cues from a mix of global factors and corporate news with 19 company earnings releases scheduled for today. Focus in EEMEA will be on April CPI in Hungary along with 1Q GDP, and April current account deficit in Turkey.
Asia Market, BoJ and Asian Currencies
The research teams at the bank said the Asian stocks were mixed in early trade on Tuesday as investor’s awaited signals on further bond buying by the Bank of Japan after its policy meeting. They added Indonesian equities were down 4.3% while the Hang Seng was down 0.7% - Asian currencies were either flat or weaker against the dollar with the KRW depreciating up to 0.59% against the greenback. They suggested the key economic releases lined up later in the day include Malaysia industrial production and US wholesale inventories and sales data.
London Currency Market
They felt the London trading session would be set to trade busy taking cues from a mix of global factors and corporate news with 19 company earnings releases scheduled for today. Focus in EEMEA will be on April CPI in Hungary along with 1Q GDP, and April current account deficit in Turkey.