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  • Jul 05 DJ Market Talk Asia Outlook

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    Miir Viir
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    Regional stock markets in Asia were expected to be in tight ranges and possibly biased down slightly due to losses on Wall Street on Friday, though the non-farm payrolls data in the US was not as bad as some expected which could provide some support. With US markets closed, investors may look to Chinese markets for cues. Indian markets could be weighed down by an unexpected interest rate hike by the Reserve Bank of India late on Friday. Foreign exchange markets were also likely to be in tight ranges and take cues from stock market movements. Several economic indicators were scheduled from Asia including services PMIs, inflation data, and job ads from countries like Japan, Australia, China, India, Taiwan and Singapore.

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    Dj Market Talk Asia Outlook

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    Jul 05 Dj Market Talk Asia Outlook

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    Regional stock markets in Asia were expected to be in tight ranges and possibly biased down slightly due to losses on Wall Street on Friday, though the non-farm payrolls data in the US was not as bad as some expected which could provide some support. With US markets closed, investors may look to Chinese markets for cues. Indian markets could be weighed down by an unexpected interest rate hike by the Reserve Bank of India late on Friday. Foreign exchange markets were also likely to be in tight ranges and take cues from stock market movements. Several economic indicators were scheduled from Asia including services PMIs, inflation data, and job ads from countries like Japan, Australia, China, India, Taiwan and Singapore.

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    12 views1 page

    Jul 05 DJ Market Talk Asia Outlook

    Uploaded by

    Miir Viir
    Regional stock markets in Asia were expected to be in tight ranges and possibly biased down slightly due to losses on Wall Street on Friday, though the non-farm payrolls data in the US was not as bad as some expected which could provide some support. With US markets closed, investors may look to Chinese markets for cues. Indian markets could be weighed down by an unexpected interest rate hike by the Reserve Bank of India late on Friday. Foreign exchange markets were also likely to be in tight ranges and take cues from stock market movements. Several economic indicators were scheduled from Asia including services PMIs, inflation data, and job ads from countries like Japan, Australia, China, India, Taiwan and Singapore.

    Copyright:

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    DJ MARKET TALK: Asia Outlook

    Sun Jul 04 18:50:00 EDT 2010

    2250 GMT [Dow Jones] ASIA OUTLOOK: Regional stock markets likely in tight ranges, could
    be biased down a little due to losses on Wall Street Friday, though fact that key non-farm
    payrolls data not as bad as some had expected could support. With U.S. markets shut today,
    investors may look to Chinese markets for cue. Indian markets could be weighed by surprise
    intermeeting RBI rate hike late Friday. FX markets likely in tight ranges, look to stocks for cues;
    EUR/USD at 1.2558 vs 1.2543 in late NY trade Friday, EUR/JPY at 110.26 vs 109.96, USD/JPY
    at 87.78 vs 87.70. On data slate: Japan services PMI at 2315 GMT, Australia TD securities
    inflation gauge at 0100 GMT, ANZ job ads at 0130 GMT, China services PMI at 0230 GMT,
    HK whole economy PMI at 0230 GMT, India services PMI at 0500 GMT, Bank Indonesia rate
    decision at 0630 GMT, Taiwan WPI, CPI at 0800 GMT, Singapore PMI at 1330 GMT. Later
    there's UK services PMI, EU retail trade.

    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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