Thursday, 17 October 2019 10:09 WIB
Japanese shares took a breather on Thursday, a day after rallying to more than 10-month highs, as investors waited for signs of progress on U.S.-China trade and Brexit negotiations.
The benchmark Nikkei average edged 0.1% higher to 22,503.97 by the midday break, holding within a tight range near its 10-month peak hit on Wednesday.
The broader Topix eased 0.2% to 1,628.16, not far from its...
Thursday, 17 October 2019 08:00 WIB
Markets are looking for the Reserve Bank of Australia to cut again, potentially as soon as next month, so today's labour force survey for September will be very closely watched (Markets are pricing 10bp of easing at the 5 Nov RBA meeting, and a terminal rate of 0.44% (RBA cash rate currently at 0.75%).
Australia Sept Employment +14.7k (Reuters poll: +15.0k) - A miss.
Thursday, 17 October 2019 09:11 WIB
Oil fell after an industry report showed a sharp jump in U.S. inventories, adding to concern that supply keeps growing as demand ebbs.
Futures in New York dropped as much as 1.1% after closing up 1% on Wednesday. The American Petroleum Institute reported crude inventories rose by 10.5 million barrels last week, according to people familiar with the data. That would be the biggest...