15 Jun 2015
Market Movers: EUR weak on Greece headlines – TDS
FXStreet (Barcelona) - Prashant Newnaha, Strategist at TD Securities, summarizes the key developments and financial market performance during the Asian trading session.
Key Quotes
“The EUR and regional European currencies are weaker in Asia, lower by 0.3-0.4%, the EUR dropping 50 pips from the NY close to US$1.1210 as 11th hour Greek debt negotiation talks over the weekend collapsed. It is reported that negotiations ended after just 45 mins, pointing to significant gaps in reaching agreement however the limited market moves to these developments suggests markets are holding out for June 18 when Eurogroup countries next meet as the next hurdle.”
“US Treasury yields are about 4-5bps lower, ACGB 3yrs –4bps, 10yrs –2.5bps, NZGB 10yrs 3.5bps, 2yrs –1.5bps.”
“Nearly all equity indices are in the red—Japan –0.5%, Hang Seng –1.3%, China –1.5%, Australia –0.5% with India the only index up +0.6%.”
“Commodities are unchanged to down smalls - gold is unchanged around US$1180, but was up as much as US$5 in early Asian trade, iron ore futures are +0.4%, copper is weaker 0.4%, and crude is -0.6%.”
Key Quotes
“The EUR and regional European currencies are weaker in Asia, lower by 0.3-0.4%, the EUR dropping 50 pips from the NY close to US$1.1210 as 11th hour Greek debt negotiation talks over the weekend collapsed. It is reported that negotiations ended after just 45 mins, pointing to significant gaps in reaching agreement however the limited market moves to these developments suggests markets are holding out for June 18 when Eurogroup countries next meet as the next hurdle.”
“US Treasury yields are about 4-5bps lower, ACGB 3yrs –4bps, 10yrs –2.5bps, NZGB 10yrs 3.5bps, 2yrs –1.5bps.”
“Nearly all equity indices are in the red—Japan –0.5%, Hang Seng –1.3%, China –1.5%, Australia –0.5% with India the only index up +0.6%.”
“Commodities are unchanged to down smalls - gold is unchanged around US$1180, but was up as much as US$5 in early Asian trade, iron ore futures are +0.4%, copper is weaker 0.4%, and crude is -0.6%.”