Asia Morning Call: Nikkei rises 1.30%, US 10-year yield at 5.165%
Regional markets were mixed, with Japan's Nikkei 225 up 1.30% and the benchmark US 10-year Treasury yield last at 5.165%. Spot gold was up 0.1% at $4,282.98 an ounce.
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Regional markets were mixed, with Japan's Nikkei 225 up 1.30% and the benchmark US 10-year Treasury yield last at 5.165%. Spot gold was up 0.1% at $4,282.98 an ounce.
Global stocks were little changed, while Japanese government bond yields climbed to historic levels and US Treasury yields edged lower. Gold rose and Brent crude eased, with traders still pricing in further Federal Reserve rate hikes.
New Zealand has approved nearly 9,000 square kilometers of carbon-credit forest, approximately 11 times the land area of New York City. This expansion, driven by the country's emissions trading scheme, is leading to competition for sheep and beef farming land and deepening a decline in rural jobs.
A free trade agreement between India and New Zealand, signed in April, will come into force on October 20, Indian trade minister Piyush Goyal said. The deal will eliminate or significantly reduce tariffs on about 95% of New Zealand's exports to India, including wine, kiwi fruit and apples, and give Indian goods duty-fr
Asian share markets edged higher as chipmakers benefited from AI demand, while oil prices eased on speculation of increased supply. The dollar dipped against the yen amid intervention concerns.
Wall Street’s rally extended into Asia as another decline in oil prices eased inflation concerns. The yen weakened after the Bank of Japan raised interest rates in a split decision. MSCI’s gauge of Asian equities climbed 0.8% after the S&P 500 and Nasdaq 100 posted their strongest gains since early August. Samsung Elec
The NZX 50 advanced 29 points, or 0.2%, to 13,785 in Friday morning trade, up for the third straight session, tracking gains on Wall Street overnight as easing oil prices softened Treasury yields, while the Fed’s rate hike reaffirmed the central bank’s commitment to contain inflation. Thursday’s data continued to lift
Exports: 6.66B (prev 7.39B) - Imports: 8.00B (prev 9.34B) - Trade Balance 12-Mth YTD: -5442M (prev -5236M)
Exports: 6.66B (prev 7.39B; prevR 7.22B) - Imports: 8.00B (prev 9.34B; prevR 9.33B) - Trade Balance 12-Mth YTD: -5442M (prev 5236M; prevR -5406M)
Statistics New Zealand reported a NZ$1.349 billion monthly trade deficit for August and a NZ$5.44 billion annual deficit.
August exports were 6.66B (prev 7.39B) and imports 8.00B (prev 9.34B), leaving a trade deficit of -1349M (prev -1949M). The 12-month YTD trade balance was -5442M (prev -5236M).
New Zealand stocks fell 84 points, or 0.6%, to close at 13,846, ending a prior-session gain run. The move came as traders digested the RBNZ’s 25 bps hike, while terms of trade and consumer confidence eased.
New Zealand stocks were almost flat near 13,937 after the prior session’s gains. Consumer staples, real estate and financials rose, offsetting declines in energy, discretionary and healthcare.
Australia will release July imports, exports and trade balance on Thursday. June showed a trade surplus of A$1.929 billion.
ECB s Rehn says Iran conflict could keep inflation high, reinforcing expectations of a September ECB hike. US-Iran tensions also flare, with Trump saying strikes will be limited and oil flows through Hormuz continue.
New Zealand stocks rose 53 points, or 0.4%, to 13,973 on Friday, reversing earlier losses, with the index up 0.9% for the week and the third consecutive weekly gain.
New Zealand’s NZX 50 falls 18 points, or 0.1%, to 13,901 in Friday morning trade, with healthcare, materials and industrials leading declines while the index remains up 0.3% for the week.
New Zealand Exports
Exports: 8.09B (prev 8.88B; prevR 8.65B) - Imports: 8.07B (prev 8.08B; prevR 8.07B) - Trade Balance 12Mth YTD: -3.746B (prev 3.367B; prevR -3.610B)
New Zealand Exports Actual 8.09B (Forecast -, Previous 8.88B,Revision 8.65B)
New Zealand Exports
() -- New Zealand shares rose to an all-time high on Monday, while Asian shares remained mixed, starting the week with slight caution as the world awaits a peace deal between the US and Iran. The S&P/NZX 50 Index rose 1.07% or 144.68 points to close at 13,763.10. OPEC+ will raise output quotas by 188,000 barrels per da
**All times listed for economic events are denominated in Eastern Standard Time (Add 4 hours for GMT equivalent) - - *** As always times are subject to change *** - - 17:00 (KR) South Korea Jun Foreign Reserves: No est v $427.0B prior - - 18:00 (NZ) New Zealand Jun ANZ Consumer Confidence: No est v 86.5 prior - - 19:00
**All times listed for economic events are denominated in Eastern Standard Time (Add 4 hours for GMT equivalent) *** As always times are subject to change *** - 18:00 (NZ) New Zealand N.Z. Government 11-Month Financial Statements - 18:45 (NZ) New Zealand May Building Permits M/M: No est v 10.9% prior - 19:00 (KR) South
***General Trend and Developments*** -Overall Asian equities are again directionless ahead of the upcoming US-related events. Cautious start to the new quarter? - Disappointing PMIs seen throughout Asia [including China, Indonesia, Japan, South Korea, Taiwan, Vietnam]. The Chinese data was hurt by new export orders. -S
**All times listed for economic events are denominated in Eastern Standard Time (Add 4 hours for GMT equivalent) ***As always times are subject to change*** **Economic data** - (RO) Romania Jun International Reserves: No est v $77.0B prior - (AR) Argentina Jun Government Tax Revenue (ARS): No est v 21.513T prior - (ZA)
***General Trend and Developments*** -The Japanese Yen remains slightly offered amid quarter-end and Gotobi. Sato ’s comments are now keenly awaited, especially ahead of the next BOJ decision [Jul 31st]. However, Japan 2-year bond traders seem unfazed given the stronger demand at auction -The PBOC continued to use its
**All times listed for economic events are denominated in Eastern Standard Time (Add 4 hours for GMT equivalent) - - *** As always times are subject to change *** - - 19:00 (KR) South Korea May Industrial Production M/M: +0.5%e v -0.7% prior; Y/Y: 3.6%e v 1.5% prior; Cyclical Leading Index Change: No est v 0.6 prior
**All times listed for economic events are denominated in Eastern Standard Time (Add 4 hours for GMT equivalent) ***As always times are subject to change*** **Economic data** - 01:00 (FI) Finland Jun Consumer Confidence: No est v -10.5 prior; Business Confidence: No est v 3 prior - 02:00 (SE) Sweden May Trade Balance (