Halister News

(Bloomberg) -- Yen steady against dollar; Japan’s core machine orders increased 15% from month earlier in January, the most in data going back to April 2005; median estimate was for 1.9% increase.

• Kiwi set to snap two-day rally; falling inflation expectations are a concern and should expectations fall further, Reserve Bank of New Zealand needs to re-think interest-rate outlook, central bank says; it isn’t a mystery that central bank cut rates last week, New Zealand Herald cites Governor Wheeler as saying
  • Economists see annual average growth at 2.6% in year through March 2017 versus 2.5% projected in December and inflation at 0.4% in first quarter compared with 1.3%, New Zealand Institute of Economic Research says
• Aussie rises; ruling coalition leads Labor by 53% to 47% on two-party preferred measure, the latest Fairfax/Ipsos poll in the Australian Financial Review shows, up from 52% to 48% in the same poll in February
• Offshore yuan weakens; People’s Bank of China Governor Zhou Xiaochuan says major stimulus isn’t needed to support growth; State Council is expected to review expanding VAT reform plan to more industries, Economic Information Daily reports
• Rupee’s one-month forwards steady; India’s wholesale prices may have fallen 0.19% in February from year earlier following 0.90% slide in January, according to Bloomberg survey before data today; consumer prices increase 5.52% after climbing 5.69% in January, a separate survey shows
• U.S. Treasuries rise; with yield on 10-year bonds declining 1 bp to 1.977%
• Rupiah advances; Bank Indonesia sees $1.1b trade surplus in February, Investor Daily Indonesia reports, citing Juda Agung, executive director of monetary policy