Currency markets are mixed at the end of Monday trade, with the Euro and the Kiwi both lower following the respective election results, while the Yen is stronger after the announcement of a snap election by the Japanese PM Abe, with October 22 likely to be the due date. In other FX pairs, the US$ is stronger against Cable and the Aud but weaker against the Chf. Stocks are a little heavy, led lower by the tech sector, while commodities are generally higher, with WTI up 3% and Gold up 1% after North Korea suggested that the US had ‘declared war,’ and warned that it could shoot down US bombers. .
Tuesday will kick off with the NZ Trade Balance (Aug – exp -$825 mio), Business Confidence and Activity Outlook although there is then precious little to go on until the US arrives apart from the UK Inflation Report Hearing. The US will focus on Janet Yellen’s speech on monetary policy, the housing data, with the release of the Case Shiller House Price Index (July) and the New Home Sales (Aug) and also the Richmond Fed Mfg Index. Oil traders will look towards the API Weekly Crude Oil Stock Inventory for guidance.
The levels in this table are a guide only.
|INDICES / COMMODITIES|
|ASX SPI: 5687|