Market Update: A Quiet Start to the Week in Asia-Pac
The week has begun on a subdued note in Market Update Asia-Pacific markets, with minimal market-moving news and lackluster price action.
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Table of Contents
Equities Market Update
Equity futures started the week on a soft footing, with marginal declines seen across the board. However, they have since regained some ground, although still trading lower on the session.
Commodities
Commodity markets are trading mixed, with:
- Oil: WTI and Brent crude prices are steady, hovering around flat.
- Natural Gas: Prices are lower.
- Base Metals: Copper and iron ore are both down around 0.5%.
- Precious Metals: Gold and silver are higher, while platinum is down.
Bonds
Bond markets are experiencing marginal moves, with yields still close to the lows seen last week. Most bonds are trading higher, but the moves are relatively small.
FX
Currency markets are seeing some movement, with:
- CHF: The Swiss franc is the strongest performer this morning.
- AUD: The Australian dollar is the weakest.
- JPY: The Japanese yen is marginally supported, following familiar currency jawboning from Japanese officials. With USDJPY trading close to 160, market participants are keeping a close eye on potential intervention.
Overall, the lack of significant market-moving news has led to a quiet start to the week in Asia-Pacific markets.
