ASIAN SUMMARY: Regional markets are lower following losses in U.S. markets Tuesday on worries over Spain's economy. The Nikkei falls 2.1%, the S&P/ASX slips 0.3%, the HSI loses 0.9%, the Kospi declines 0.5%, the Sensex falls 0.1%, and the Shanghai Composite loses 0.8%. In FX markets, the euro hit near two-week lows versus the dollar and the yen amid continuing concerns over Spain's funding costs and a potential rating action on the nation by Moody's. The EUR/USD is now at 1.2872 from 1.2896 late Tuesday in New York, the EUR/JPY is at 100.05 from 100.35, and the USD/JPY is at 77.73 from 77.80. Singapore's August manufacturing output declines 2.2% on-year vs July's revised 2.5% gain, a 1.0% rise tipped. China's economic slowdown is likely to bottom in 3Q before recovering in 4Q, the state-run China Securities Journal reports. New Zealand's August trade deficit widens to NZ$789 million, from July's revised NZ$97 million surplus. Spot gold is at $1,763.80/oz, up $3.20 from the NY close. November Nymex crude oil futures are down 54 cents at $90.83/bbl.
Find us on Google+
No comments:
Post a Comment