DXY- 82.179 +.054
EUR- 1.3103 -.0012
TYM3 132-29 +.02
RXM3 146.33 +.018 (Bunds)
SPM3 1607.40 -1.10
VGM3 2717.00 -8.0 (Euro Stoxx)
CLM3 96.06 +.46 (WTI)
COM3 104.70 +.51 (Brent)
XAU 1476.04 +5.31
News and Data;
Asian equity markets were firmer for
the most part overnight, boosted by Fridays strong US jobs report. The
Hang Seng was up 1.0%, the Shanghai Composite up 1.2%, and the Indian
Sensex up 0.5%. On the flip the Kospi fell 0.2%, while the Nikkei was
closed due to a holiday. Euro Stoxx are down .25%.
Treasuries are unchanged across the
curve- 10-year yields at 1.73% and 30-year yields at 2.95%. In Europe,
UK gilts and German bunds are both slightly to 1.72% and 1.23%,
respectively. Spanish 10-year yields are up 3bp to 4.05%.
Australian retail sales fell 0.4% m/m in March. This comes on the back of strong gains in January and February.
Australian – ANZ April Job ads dropped 1.3% in April after a 1.5% decline in March.
Australian TD/MI Apr inflation gauge remained benign, up 0.3% m/m & 2.1% y/y (same as Mar)
Australian Treasury to lower growth forecasts for the next 2-yrs by 0.25% to 2.75% according to the Australian Financial Review.
Australian PM Gillard and Treasurer
Wayne Swan commented over the weekend that declining tax revenue was the
result of the high AUD.
China HSBC April services PMI tumbled to its lowest level in close to 2 years at 51.1 versus 54.3 previously.
Tiawan- CPI rose 1.04% y/y in April after a gain of 1.37% in March.
Read More
http://sweetfutures.com/2013/market-update-from-richard-lunes/
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