Wed Aug 15th 2013 - Global Strategy Update (i) In quiet US summer trade US S&P 500 pulled back to weekly lows -0.5% 1685 .39. US VIX Volatility index crept up to 11.89%. US 10yr -2pts off 2yr highs to 2.70% (ii) US Fed Bullard repeated his usual dovish comments that inflation indicators, such as flat US Jul PPI last night, limit the necessity to change Fed policy (iii) ASX 200 seen opening flat 5150 as await Wesfasmers - 3mth high $A 41.93 Wed & AMP earnings. $A a touch higher at 0.9125 off 0.9080 support (iv) No major data in Asia focus on AUD Corporate earnings & Bank of Indonesia decision. China & Japan reform agendas still key -
Posted on: Wed, 14 Aug 2013 21:31:41 +0000
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