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Asian shares post mixed results as BOJ keeps policy steady.

News Date: 30/10/2015 01:21:27
 

 Japanese shares fell initially on Friday after Bank of Japan left its policy steady, but then regrouped and rallied 1.10% as investors still think that BOJ will ease some time soon along with ECB. China's Shanghai index ticked up 0.12%. Australia's S&P\ASX 200 index fell 0.16%. Korea's KOSPI rose 0.12%. India's Nifty fell 0.05%.

 

Wall St. ended Thursday on a low note, with Dow Jones shedding 23 points, or 0.13% to 17,755. S&P 500 was barely changed at 2,089, while NASDAQ fell 21 points, or 0.42% to 5,074.

 

Yen rallied at first after BOJ, but then gave up ground, falling 0.21% against dollar to 121.38. It fell for the second session against Euro to 133.21. Against Sterling it retreated to 185.75 after touching 184.29 earlier in the session.

 

Dollar held steady, with its index DXY rising 0.03% to 97.40. Dollar was unchanged against Euro at 1.0976. Against Sterling it edged down 0.01% to 1.5313.

 

Oil was in choppy trading, with Brent futures for December gaining 13 cents, or 0.27% to $48.70 a barrel. U.S. crude futures fell 20 cents, or 0.42% to $45.87 a barrel.

 

Australian dollar pushed against U.S. dollar, rising to $0.7098. Canadian dollar was barely up, trading at C$1.3165 per dollar.

 

Spot gold inched up 33 cents, or 0.03% to $1,147.57 an ounce. Silver was up eight cents, or 0.53% to $15.63 an ounce.

 

September retail sales for Germany are forecast to have grown 0.4% m\m, opposed to a fall of 0.4% in August. For the Euro zone, a flash CPI for October is forecast to hold steady y\y. Unemployment rate for Euro zone is expected to have stayed the same at 11% in September. Crucial for Euro trading, coming short of these forecasts will enhance the views of ECB easing further in December, hence battering Euro further.

 

From Canada, GDP growth for August is forecast to come at 0.1% m\m, coming at, or beating the forecast will help the loonie in its recent push against the dollar.

 

From the U.S., Employment Cost Index is forecast to have grown 0.6% q\q, important for consumer inflation and the Fed's decision regarding interest rates.      

 

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