Reply To: Traders Market Weekly: Rates, Banks and Herd Mentality


Equity indices in the Asia-Pacific region ended Tuesday on a mostly higher note.

Japan’s Nikkei: UNCH,
Hong Kong’s Hang Seng: +0.9%,
China’s Shanghai Composite: +0.2%,
India’s Sensex: -0.5%,
South Korea’s Kospi: +0.7%,
Australia’s ASX All Ordinaries: -0.4%.

State banks in China reportedly continued to sell dollars to support the yuan.
China’s Premier Li said that the Chinese economy has been improving this year while People’s Bank of China Governor Pan said that he sees positive developments in the real estate sector.

January Corporate Services Price Index 2.1% yr/yr (expected 2.0%; last 2.1%) and BoJ Core CPI 2.3% yr/yr (expected 2.5%; last 2.6%)

South Korea
March Consumer Confidence 100.7 (last 101.9)

February Industrial Production 14.2% m/m (expected 3.1%; last -6.7%); 3.8% yr/yr (expected 0.5%; last 0.6%)

Hong Kong
February trade deficit $41.7 bln (last surplus of $3.6 bln). February Imports -1.8% m/m (last 21.7%) and Exports -0.8% m/m (last 33.6%)

March Westpac Consumer Sentiment -1.8% (last 6.2%)

New Zealand
NZ’s defense minister said that his country’s officials have been targeted by a Chinese cyber attack, echoing claims made by the U.S. and the U.K.