Fri Jun 21st 2013 - AUD/ASIA Strategy Update (i) ASX 200 re-test - TopicsExpress



          

Fri Jun 21st 2013 - AUD/ASIA Strategy Update (i) ASX 200 re-test near 2013 lows set Thurs Jun 13th at 4683 but closed -0.4% 4738.80. AUD mkt continues to lack short term growth sector & faces drawn out unproductive election campaign into Sep 14th. $A stabilised 0.9230 area - 0.9160 to 0.9520 wkly range (ii) Nikkei bucked selling trend +1.7% 13230.13 as YEN fell to 97.70 USD (iii) China SSEC remained comatose -0.5% 2073. PBOC central bank kept overnight interbank lending rates near record highs near 10% in unofficial credit tightening (iv) Focus tonight & next mth on risk posed by benchmark US 10yr yield breaking key 2.50% towards more normal 3.00% to 3.50% levels - For business strategy solutions please contact [email protected]
Posted on: Fri, 21 Jun 2013 08:49:31 +0000

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