@@@@ IMPORTANT DATA AND EVENTS TO WATCH @@@@ SEPTEMBER 17th Asian index futures paced gains in U.S. stocks after a report that China’s central bank intensified its stimulus measures. The dollar held declines against most of its major peers before the Federal Reserve reviews interest rates, while crude oil was near a two-week high. Futures on indexes from Japan to Hong Kong rose at least 0.2 percent in recent trading. Contracts on the Standard & Poor’s 500 Index were little changed in Tokyo, after the benchmark U.S. gauge snapped a two-day drop to climb 0.8 percent, the most in a month. Australia’s dollar bought 90.83 U.S. cents after gaining 0.7 percent last session to end a six-day slump, while forwards on Asian emerging-market currencies advanced. Oil in New York was at $94.69 a barrel. China provided 500 billion yuan ($81.4 billion) of liquidity to its five biggest banks, Sina reported, as leaders in Asia’s largest economy seek to support growth amid signs the slowdown is worsening. Speculation the Fed will maintain its pledge to keep rates low for a “considerable time” today sent the Bloomberg Dollar Spot Index down the most since May, with quantitative easing on track to end next month. Both the U.S. and Malaysia post inflation today, while Thailand reviews rates. Scotland’s independence vote is tomorrow. “The market sees the letters ’Q’ and ’E’ combined with China and it’s Happy New Year to the money printers,” Joe Saluzzi, co-head of equity trading at Chatham, New Jersey-based Themis Trading LLC, said by phone. “They want the game to continue. They may not know how or why it’s happening, but get some new QE money in there and that’s how the market reacts.”
Posted on: Wed, 17 Sep 2014 00:29:53 +0000
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