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Marketmind: Keep calm, risk on

Friday, January 13, 2023
Marketmind: Keep calm, risk on © Reuters. FILE PHOTO: The logo of the Bank of Korea is seen on the top of its building in Seoul, South Korea, March 8, 2016. Picture taken on March 8, 2016. REUTERS/Kim Hong-Ji/File Photo

By Jamie McGeever

(Reuters) - A look at the day ahead in Asian markets from Jamie McGeever.

U.S. inflation data for December is in, and while market reaction was perhaps a little muted relative to recent releases and the hype surrounding it, the overriding message for investors was clear: keep calm and risk on.

A Bank of Korea interest rate decision and Chinese trade data are the main set piece events in Asia, but markets there will likely open strongly after global stocks rose, bond yields fell and credit spreads tightened on Thursday.

No Friday the 13th bad omens here.

Annual U.S. consumer price inflation in December slowed as expected and monthly prices fell for the first time since 2020, numbers that suggest the Fed is closer to getting inflation under control and therefore nearer the end of its hiking cycle.

Given that some of the biggest intraday moves in financial markets last year were on U.S. inflation days, the reaction on Thursday wasn't explosive. Perhaps investors had run ahead of themselves a bit.

Still, MSCI's world index rose for the fifth day in a row, a winning streak not seen since August, and MSCI's Asia-ex Japan stock index has now risen in nine of the last 10 sessions.

A stunning 30-year U.S. Treasury auction helped push bond yields down further, fueling investors' appetite to go out across the risk curve. A Reuters poll on Thursday showed that investors are already adding to their long positions in Asian currencies.

In major currencies, the yen just chalked up one of its best days in years. It soared more than 2% on growing speculation that the Bank of Japan will review the side effects of its monetary easing at next week's policy meeting and may take additional steps to correct distortions in the yield curve.

The Bank of Korea on Friday is expected to raise rates by another quarter percentage point to a 15-year high of 3.50%, likely its last move in its tightening cycle.

Meanwhile, economists are bracing for another dismal batch of Chinese trade figures, with exports seen falling 10.0% in December and imports shrinking 9.8%, according to a Reuters poll.

Three key developments that could provide more direction to markets on Friday:

- South Korea interest rate decision (forecast +25 bps)

- China trade (December)

- Fed's Kashkari and Harker speak

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04-03-2024 19:47:51 (UTC+7)

EUR/USD

1.0852

+0.0015 (+0.14%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (6)

EUR/USD

1.0852

+0.0015 (+0.14%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (6)

GBP/USD

1.2680

+0.0031 (+0.24%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (4)

Sell (2)

USD/JPY

150.42

+0.31 (+0.21%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (7)

Sell (0)

AUD/USD

0.6522

-0.0001 (-0.01%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (8)

USD/CAD

1.3569

+0.0011 (+0.08%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (5)

Sell (3)

EUR/JPY

163.23

+0.62 (+0.38%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (8)

Sell (0)

EUR/CHF

0.9596

+0.0014 (+0.15%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (0)

Sell (8)

Gold Futures

2,090.90

-4.80 (-0.23%)

Summary

Neutral

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (5)

Sell (2)

Silver Futures

23.352

-0.012 (-0.05%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (9)

Sell (2)

Copper Futures

3.8695

+0.0080 (+0.21%)

Summary

↑ Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (6)

Sell (1)

Crude Oil WTI Futures

79.62

-0.35 (-0.44%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (6)

Sell (0)

Brent Oil Futures

83.27

-0.28 (-0.34%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (7)

Sell (0)

Natural Gas Futures

1.954

+0.119 (+6.49%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (8)

Sell (1)

US Coffee C Futures

186.03

+2.73 (+1.49%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (8)

Sell (0)

Euro Stoxx 50

4,912.45

+17.59 (+0.36%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (10)

Sell (0)

S&P 500

5,137.08

+40.81 (+0.80%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (6)

Sell (1)

DAX

17,735.65

+0.65 (+0.00%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (6)

Sell (0)

FTSE 100

7,637.65

-44.85 (-0.58%)

Summary

Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (3)

Sell (4)

Hang Seng

16,595.97

+6.53 (+0.04%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

US Small Cap 2000

2,076.39

+21.55 (+1.05%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

IBEX 35

10,044.89

-19.81 (-0.20%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (0)

Sell (7)

BASF SE NA O.N.

47.140

-0.845 (-1.76%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (9)

Sell (1)

Bayer AG NA

28.45

+0.12 (+0.42%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (0)

Allianz SE VNA O.N.

251.50

-0.30 (-0.12%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (0)

Adidas AG

186.10

-0.90 (-0.48%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (2)

Deutsche Lufthansa AG

7.068

-0.123 (-1.71%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (6)

Sell (1)

Siemens AG Class N

182.02

+0.74 (+0.41%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (11)

Sell (0)

Deutsche Bank AG

12.525

-0.041 (-0.33%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (7)

 EUR/USD1.0852↑ Sell
 GBP/USD1.2680↑ Buy
 USD/JPY150.42↑ Buy
 AUD/USD0.6522↑ Sell
 USD/CAD1.3569↑ Buy
 EUR/JPY163.23↑ Buy
 EUR/CHF0.9596↑ Sell
 Gold2,090.90Neutral
 Silver23.352↑ Buy
 Copper3.8695↑ Buy
 Crude Oil WTI79.62↑ Buy
 Brent Oil83.27↑ Buy
 Natural Gas1.954↑ Buy
 US Coffee C186.03↑ Buy
 Euro Stoxx 504,912.45↑ Buy
 S&P 5005,137.08↑ Buy
 DAX17,735.65↑ Buy
 FTSE 1007,637.65Sell
 Hang Seng16,595.97↑ Buy
 Small Cap 20002,076.39↑ Buy
 IBEX 3510,044.89↑ Sell
 BASF47.140↑ Buy
 Bayer28.45↑ Buy
 Allianz251.50↑ Buy
 Adidas186.10↑ Buy
 Lufthansa7.068Buy
 Siemens AG182.02↑ Buy
 Deutsche Bank AG12.525↑ Sell
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank7,850/ 8,000
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SJC HCM7,840/ 8,040
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SJC Nhatrang7,840/ 8,042
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SJC Cantho7,840/ 8,042
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Cập nhật 04-03-2024 19:47:53
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RON 95-V24.43024.910
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DO 0.05S20.77021.180
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Dầu hỏa 2-K20.78021.190
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WTI$78.92+1.470.02%
Brent$82.84+1.130.01%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD24.470,0024.840,00
EUR26.073,4227.504,34
GBP30.457,8531.753,97
JPY159,18168,48
KRW16,0119,41
Cập nhật lúc 18:53:11 04/03/2024
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