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ForexLive Asia FX news wrap: S&P500 futures higher again today

Forex news for Asia trading Monday 11 July 2016

Weekend:

Equity markets carried on from where they left off on Friday. ES futures got within a bee's appendage of a new all time high for the spot contract.

The Nikkei wasn't left behind, it stacked on the gains today (some of it obviously a catch up to Friday night trade):

Japanese PM Abe and his coalition partners have secured a big majority in the upper house, perhaps enough for a 'super majority' of 2/3 of the seats. Abe will reshuffle the cabinet in August and his chief cabinet secretary Suga spoke of more economic stimulus today.

Across the FX markets it was a day of a small loss for the yen. EUR, CHF, AUD and NZD are all little net changed for the session after some early week minor moves lower for the currencies. GBP too is little different from its US close Friday.

Gold moved higher after its open, retraced it all and is now up just a little on the session as I update. Oil lost a few cents on the session.

Regional equities:

  • Nikkei +3.47%
  • Shanghai +0.91%
  • HK 1.73%
  • ASX +1.83%

Late addition ... the US 30-yr yield has fallen to a record low of 2.0903%

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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