Key: Asia-pacific market; summary and major risk events Last night, the Dow modestly closed in positive territory, cheering up Egyptian President who step down over considered peaceful military coupe and a slight drop in weekly jobless claims. Moreover, Nikkei seems cautious traded in a thin flat line due to strong yen, while Chinese bourse drops deeper over the concern on its slowing growth, based on HSBC PMI service in June which expanded very modestly from May 51.2 to 51.3 as well as Chinese CB statement that reveal NOT to deliver bond repo in order stabilize its banking system through more aggresive open market operation HK and Aussie market are the best performers today, shrugging news over Europe, particularly Portuguese debt crisis that could lead to add worries about the euro zone debt problem, as the 10 year bond yield spiked more than 8% last night. In Indonesia, despite a moderate rebound which the first experience of trading in positive area since the second half, the foreign continue to book net sell. It seems the fears of inflationary pressures that may be gone above the gov assumption still strongly exist Next important focus : European Central Bank decision on rates and Friday U.S. unemployment report.
Posted on: Thu, 04 Jul 2013 03:46:08 +0000