JP Morgan’s Kolanovic expects equity markets to hold up over Fed tapering
The US dollar had a positive meeting here in Asia with eminent additions against EUR, yen, CHF, and lesser against AUD and NZD. Gold, as well, has slipped lower, back under $1800.
The News stream was light yet from this piece of the world we saw rising Covid case includes in Australia (NSW new cases today over 900 for a record high) and New Zealand. Information from Australia was a generous miss on development work in Q2 which will take some sparkle off Q2 GDP (this information point is expected September 1) and may assist with shifting it into negative (there is bounty contributing, ‘fractional’, GDP markers still to come so don’t ink in a negative right now).
Asian value markets are: up for the Shanghai Composite and Nikkei 225, and down for the Hang Seng. All by little rates, however. Oil is lower.
It’s consistently pleasant when the euro stoops to move during Asia.