4 Jul 2013
Flash: market snap-shot – BAML
FXstreet.com (Barcelona) - Alexandra Fletcher, BofA Merrill Lynch Global Research goves an overview of the markets.
She said Asian shares advanced on Thursday but investors traded cautiously ahead of the European Central Bank (ECB) and Bank of England (BOE) policy meetings and the US non-farm payrolls data.
“The Hang Seng was up 1.52%. Most Asian currencies were range bound; the Korean Won appreciated 0.27% against the Dollar in early trade. In UK, June services PMI came in higher than expected at 56.9 (E: 54.5) vs 54.9 in May. There will be no major bond auctions in Asia today. Focus in EEMEA will be on May retail sales in Hungary.”
She said Asian shares advanced on Thursday but investors traded cautiously ahead of the European Central Bank (ECB) and Bank of England (BOE) policy meetings and the US non-farm payrolls data.
“The Hang Seng was up 1.52%. Most Asian currencies were range bound; the Korean Won appreciated 0.27% against the Dollar in early trade. In UK, June services PMI came in higher than expected at 56.9 (E: 54.5) vs 54.9 in May. There will be no major bond auctions in Asia today. Focus in EEMEA will be on May retail sales in Hungary.”