10 Jul 2013
Flash: Asian markets - BofA Merrill Lynch
FXstreet.com (London) - Asian shares opened higher but pared early morning gains after China's June exports unexpectedly fell 3.1% yoy.
Alexandra Fletcher, strategist at Bank of America Merill Lynch said the Indonesian equities were up 1.1% while the Philippine equities were down 1%. "Asian currencies were range bound trading between -0.13% (THB) and +0.17% (KRW)." He added the Japanese Yen was 0.2% stronger against the Dollar in early trade. In key Asian economic releases, eyes will be on policy rate decision in Thailand in which we expect the BoT to keep the interest rate unchanged at 2.5%. "In bond auctions today, Thailand will sell THB 5bn of its bonds due 2061. Focus in EEMEA will be on Central Bank’s minutes in Hungary".
Alexandra Fletcher, strategist at Bank of America Merill Lynch said the Indonesian equities were up 1.1% while the Philippine equities were down 1%. "Asian currencies were range bound trading between -0.13% (THB) and +0.17% (KRW)." He added the Japanese Yen was 0.2% stronger against the Dollar in early trade. In key Asian economic releases, eyes will be on policy rate decision in Thailand in which we expect the BoT to keep the interest rate unchanged at 2.5%. "In bond auctions today, Thailand will sell THB 5bn of its bonds due 2061. Focus in EEMEA will be on Central Bank’s minutes in Hungary".