By David Llewellyn-Smith in for Chris Becker
Remember to read “Trading Week“, published Saturday morning, to put these events and ideas in context.
Asian markets were all marginally up today. The local market, the S&P/ASX200, bumped around all day before finishing up 7 points to 4292. Telcos led the charge up almost 1% with financials up almost a half a percent. The laggard was the oil and gas sector down 0.7%.
The same direction-less trade was evident across Asia with no bourse more than a third of a per cent from zilch.
Australian government bonds reversed some recent gains up four pips to a still unbelievable 3.28%.
Despite the idiotic headlines (including here at MB), the AUD only very briefly tipped below parity with the USD, though there is clearly more weakness ahead barring a sudden resolution in Greece. I’ll cheer it all the way down:
Tonight
It’s a big night of US data with May Empire Fed and April Advanced Retail Sales and CPI. Consensus for each is +0.2%, 9.5 points and 2.3%. I’ll take over for retail and CPI and under for manufacturing.
You can find Chris’s Twitter here.
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