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Currency News

Asia's Opening

Markets remain in a risk-on posture, with a stronger Dollar otherwise being the theme after US housing starts bounced back well above forecast in July by 15%, amid a tame July CPI report in which core inflation rose 0.2%, keeping the annual pace steady at 1.9% y/y as forecast.

Earlier UK CPI also came in weak, pummelling the British Pound and testing BOE Carney’s latest hawkish about-turn. Equities recorded positive returns, with Dow ending up 0.48%, S&P 500 0.5% and Nasdaq 0.4% to fresh 14-year highs while Germany’s DAX, comforted by the ongoing stabilisation in Ukraine’s crisis, leapt by 1%. Benchmark yields remain well contained, with 10-year US Treasury near flat at 2.40% after earlier falling to 2.36% lows while oil fell to fresh 14-month lows and gold further below $1,300 to $1,295.

Regional shares, especially Nikkei should remain firmly bid on higher USD/JPY. Otherwise key focus will be on RBA Steven’s testimony to Parliament ahead of BOE and FOMC minutes.

  • Asia's Opening

  • Asia's Opening

  • Asia's Opening

  • Asia's Opening

What's New

Hong Kong investors are planning to increase their investments...

Hong Kong investors are planning to increase their investments into Asia over the next six months as China’s perceived investment potential soars amid concerns of economic slowdown and reform. A recent survey carried out by J.P. Morgan Asset Management found nearly one in five investors are planning to increase their investment amount in Asia over the coming six months, including in markets such as Japan and Hong Kong.

These findings were despite a majority (70%) of the respondents citing the economic growth slowdown in Mainland China as the main risk in the third quarter of 2014, along with uncertainty over the Mainland economic reforms (67%). Also, in Hong Kong, two in three investors see volatility in the stock market as one of the biggest risks for the third quarter and as such, 61% of investors say the potential volatility is impacting their investment strategy.

  • Rattled by falling home prices, some of the wealthiest Chinese...

  • The global asset-management industry has recorded its strongest year...

  • Global investors have regained a strongly bullish stance on the outlook...

  • The combined fund management business in Hong Kong hit another record...

  • Investors worldwide are at an impasse on reaching their financial goals...

Editorial

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