HALISTER1: INSIDE G-10: Aussie, Stocks, Oil Gain; China Data Shrugged Off

INSIDE G-10: Aussie, Stocks, Oil Gain; China Data Shrugged Off

(Bloomberg) -- Aussie rises vs all major peers as markets mostly shrug off soft China data released over weekend, partly on view Fed has more reasons to keep policy unchanged. Nikkei leads Asian equities higher, along with advance in crude oil.
  • Goldman Sachs raises WTI forecasts for 2Q-4Q and full-year 2016, as deficit looms; NOTE: WTI crude futures +1.3%, Brent crude futures +1.2%
  • AUD/USD +0.14% to 0.7281, vs 0.7237-0.7293 range
    • FX pair reverses initial losses on intraday short- covering from leveraged funds after better-than-expected open in Japanese stocks, says an Asia-based FX trader
    • AUD is better bid on macro inflows vs NZD and JPY than USD, according to Asia-based FX traders
    • Iron-ore futures +0.4%, gold +0.3% and copper steady
  • USD/JPY +0.12% at 108.76, vs 108.47-108.99 range
    • FX pair gains as local stocks climb amid hopes for fiscal measures as well as for a delay in Japan’s sales- tax hike: SMTB
    • PM Abe says in parliament that fiscal measures may be needed to create demand; Suga says no truth to report that Abe has decided to delay a sales-tax increase
  • NZD/USD -0.03% at 0.6773, vs 0.6747-0.6776 range
    • New Zealand’s services post fastest growth in four months
    • Milk auction seen buoyed by futures, seasonals: First NZ
    • PM Key says not ruling out campaigning for a fourth term
  • BBDXY +0.03% at 1,186.91, vs 1,186.62-1,188.04 range
    • Treasury 10-year yield up 1 bp to 1.710%
  • EUR/USD +0.02% at 1.1311, vs 1.1302/1.1319 range
    • EUR risk-reversal spread at 2011 low on Brexit hedges: analysis
  • GBP/USD -0.01% at 1.4363, vs 1.4339-1.4373 range
    • Leveraged funds cut net short GBP position to smallest since December
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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