Wed Mar 18th 2014 AUD/ASIA Strategy Update (i) ASX 200 lacklustre +0.2% 5355.59 despite 2nd bounce on Wall St. Resources fell -0.2% Banks +0.2%. $A opened into 3mth hi 0.9130 but closed Syd flat 0.9110 - FOMC key for test 0.9200 (ii) Nikkei +0.4% 14462 as latest mkt polls look for more BOJ easing in July > Sales tax rise Apr 1st. YEN 101.49 (iii) China SSEC becalmed -0.4% 2017.57 as per last 18mths on contd fears of property developer bankruptcies. YUAN depreciated again to 6.20 11mth low > new 2% band (iv) FOMC to taper 3rd time 5.00am Syd but focus on chg to i/r guidance 5.30am in Yellen Q&A - for business strategy solutions please contact [email protected]
Posted on: Wed, 19 Mar 2014 07:43:09 +0000