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    Jun 30 DJ Market Talk Asia Outlook

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    Miir Viir
    Regional stock markets in Asia were likely to fall sharply following major losses on Wall Street, with the NZX-50 in New Zealand already down 1.2%. Concerns over a potential double-dip recession in the U.S. economy after a drop in consumer confidence would weigh on markets. Japanese exporters were likely to be sold off due to a surge in the yen versus the U.S. dollar and euro overnight. Currencies considered riskier such as the euro, Australian dollar and New Zealand dollar were also expected to weaken against other major currencies.

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    Jun 30 DJ Market Talk Asia Outlook

    Uploaded by

    Miir Viir
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    Regional stock markets in Asia were likely to fall sharply following major losses on Wall Street, with the NZX-50 in New Zealand already down 1.2%. Concerns over a potential double-dip recession in the U.S. economy after a drop in consumer confidence would weigh on markets. Japanese exporters were likely to be sold off due to a surge in the yen versus the U.S. dollar and euro overnight. Currencies considered riskier such as the euro, Australian dollar and New Zealand dollar were also expected to weaken against other major currencies.

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    DJ MARKET TALK: Asia Outlook

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    Jun 30 Dj Market Talk Asia Outlook

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    Regional stock markets in Asia were likely to fall sharply following major losses on Wall Street, with the NZX-50 in New Zealand already down 1.2%. Concerns over a potential double-dip recession in the U.S. economy after a drop in consumer confidence would weigh on markets. Japanese exporters were likely to be sold off due to a surge in the yen versus the U.S. dollar and euro overnight. Currencies considered riskier such as the euro, Australian dollar and New Zealand dollar were also expected to weaken against other major currencies.

    Copyright:

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    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    12 views1 page

    Jun 30 DJ Market Talk Asia Outlook

    Uploaded by

    Miir Viir
    Regional stock markets in Asia were likely to fall sharply following major losses on Wall Street, with the NZX-50 in New Zealand already down 1.2%. Concerns over a potential double-dip recession in the U.S. economy after a drop in consumer confidence would weigh on markets. Japanese exporters were likely to be sold off due to a surge in the yen versus the U.S. dollar and euro overnight. Currencies considered riskier such as the euro, Australian dollar and New Zealand dollar were also expected to weaken against other major currencies.

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    DJ MARKET TALK: Asia Outlook

    Tue Jun 29 18:47:00 EDT 2010

    2247 GMT [Dow Jones] ASIA OUTLOOK: Regional stock markets likely to tumble in wake of
    sharp losses on Wall Street (DJIA down 2.7%, Nasdaq down 3.9%, S&P 500 down 3.1%);
    concerns over potential double-dip for economy after drop in U.S. consumer confidence will
    weigh. NZX-50 already down 1.2%. Japanese exporters likely to be sold off due to JPY surge vs
    USD, EUR overnight. In FX markets, weakness in stocks likely to drive down currencies
    considered more risky such as EUR, AUD, NZD, regionals. EUR/USD at 1.2182 vs 1.2196 in
    late NY trade, EUR/JPY at 107.92 vs 107.97, USD/JPY at 88.60 vs 88.54. On data slate: Korea
    industrial production, service industry activity index at 2300 GMT, Japan manufacturing PMI at
    2315 GMT, Australia skilled vacancies index at 0100 GMT, private sector credit at 0130 GMT,
    Singapore bank loans at 0200 GMT, Japan housing starts, construction orders at 0500 GMT,
    Japan provisional labor survey; new Philippines president sworn in, Philippine markets shut.
    There's also U.K. Nationwide housing review, U.K. GDP, current account balance, euro zone
    flash CPI, U.S. MBA mortgage applications, Chicago Fed president Evans interviewed on
    CNBC, ISM/NY business index, Canada GDP, Fed governor Duke speaks, ISM-Chicago
    business survey, EIA oil inventories, ECB president Trichet press conference, Atlanta Fed
    president Lockhart speaks.

    Disclaimer
    (This article is general financial information, not personalized investment advice, as it does not
    consider the unique circumstances affecting an individual reader's decision to buy or sell a
    specific security. Dow Jones does not warrant the accuracy, completeness or timeliness of the
    information in this article, and any errors will not be made the basis for any claim against Dow
    Jones. The author does not invest in the instruments or markets cited in this article.)

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