OctaFX | OctaFX Forex Broker
Open trading account

Markets divided between Japan data and the opening of Shanghai-Hong Kong Connect – DB

FXStreet (Barcelona) - Research analysts at Deutsche Bank feel the markets are generally mixed with bourses reacting to the Japan data and the opening day of the Shanghai-Hong Kong Connect.

Key Quotes

“In terms of markets, the Nikkei is currently trading -2.7% whilst the Hang Seng and CSI 300 are -0.7% and +0.3% respectively. The latter boosted by a report in Bloomberg that Shanghai stock purchases through the link have exceeded Hong Kong buying by more than ten times over the first hour.”

“This seems to have largely offset a reported increase in bad loans for China this morning, jumping by the most since 2005 in the third quarter to 776.9bn yuan.”

“The JPY has recovered from the earlier weakness post the GDP print to now trade +0.58% stronger versus the Dollar.”

EUR relief rally as euro-zone economy avoids recession - BTMU

Lee Hardman, FX Analyst at the Bank of Tokyo Mitsubishi UFJ sees the overall growth picture for the eurozone as still weak inspite of figures denoting that it has avoided falling into technical recession this time.
Read more Previous

AUD/USD falls below 0.8750

The Australian dollar declined from a near two-week high hit earlier today as the markets price-in a weak Australian vehicle sales data along with a slight recovery in the US Treasury yields.
Read more Next
Start livechat