Asian Market Update: Stocks moderated their reaction to the weekend’s COVID news in CN; Chinese virus measures to iPhone shipments.
– The spokesperson of the China Health Commission said that China will NOT hesitate to save you from the COVID rebound and in its “dynamic elimination” of instances as soon as they appear; It does NOT make changes to anti-COVID protocols – monetary press [since the fifth of November].
– Terrible industry knowledge noticed outside China.
– Chinese COVID news weighs on commodities and commodity-related currencies; CNH is declining.
– Chinese markets erase losses.
– HK TECH Index Extends Gains Amid Latest Audit News [U. S. auditors said on-site inspections in China ended early – Press (November 4)]; The real estate index is outpacing.
– The US FUT The US slowed its decline after China’s opening.
Taiwan Semi may launch monthly sales this week.
– ASX two hundred open 0. 4%.
– WBC reports. AU FY22 (A$) Net cash 6. 57B v 6. 95B y/y; adjusted money 5. 28 billion versus 5. 35 billion a year; Rev. 19. 6B v 21. 0B y/y.
– MPL updates. AU on the cybersecurity incident: He now believes that all visitor information he accessed may have been taken by the criminal; You will pay any ransom demands for this theft of knowledge.
– CRN. AU Combination’s talks with Peabody came to a halt.
– (AU) The Australian Debt Agency (AOFM) announces the main points of bond syndication at 3. 75% in May 2034: it targets a spread of 6-9 bps and a reference size.
– Nikkei 225 opened 0. 8%.
– (JP) Japanese cabinet approval rating – 9 ppt at 36% – Yomiuri poll.
– (JP) Prime Minister of Japan, Kishida: Japan will have to be prepared for any action through other nations that poses a risk to peace and security – Japanese press.
– (JP) Japan’s MOF sells 250 billion yen against 250 billion yen indicated in the JGBs linked to 10-year inflation; Lowest accepted price yield: -0. 733% vs. -0. 708% earlier; Coverage offer: 3. 28x vs. 3. 32x before.
– Kospi opened 0. 5%.
– (KR) North Korea KCNA: The recent army operations have been a transparent reaction to the provocative movements of the army of the enemies, they will continue to respond to the North’s anti-war training with determined and overwhelming practical military measures.
– (KR) Several private sector analysts point out that they see South Korea’s GDP in 2023 at 2% or less due to the effect of higher interest rates, higher inflation and livestock weakness on its economy – Yonhap.
– Hang Seng opened -0. 8%; Shanghai Composite opened 0. 3%.
– (CN) The spokesperson of the China Health Commission said that China will NOT hesitate to save them from the rebound of COVID and its “dynamic elimination” of cases as soon as they appear; It does NOT make changes to COVID protocols – monetary press (published November 5).
– (CN) China PBOC Dep Gov Fan (big player Digital CNY) is reportedly being investigated for alleged serious violations of law and discipline.
– (CN) China Sec Journal: PBOC Vice Governor Xuan Changneng will take measures to ensure the safety and stability of the country’s supply chain in the face of demanding situations such as protectionism, geopolitics and the pandemic.
– (HK) The Hong Kong Monetary Authority (HKMA) bought HK$3. 05 billion on Friday, November 4 until the weak end of the USD/HKD parity.
– (CN) He said that Chinese microchips have slowed down the production of processors due to US sanctions – FT.
– (HK) Hong Kong’s market watchdog will tighten regulations on futures trading – Hong Kong Press.
– (CN) Chinese President Xi: reiterates his position that the momentum for economic recovery is insufficient; countries to seek win-win cooperation as it continues to open (Friday after closing).
– (CN) Balance sheet of China’s industry in October (denominated in CNY): 586. 8 B V 702. 9 BE.
– (CN) Cyberspace Administration of China (CAC): for the long-term sustainable advancement of the Internet in the country.
– (CN) Balance sheet of China’s industry in October: USD 85. 2 billion against USD 96 billion.
– (CN) China’s PBOC Open Market Operation (OMO): sells CNY 2 billion in 7-day opposed repos compared to CNY 3 billion previously; CNY68B network drain vs. CNY87B network drain.
– (CN) China NDRC: publishes an opinion on how to improve the policy environment by expanding personal investment.
– (CN) China has said that it has allocated the local bond quota for 2023, and that bond sales will start in January 2023 – Chinese press.
– 2317. TW announced October of NT$776. 6 billion, 41% year-on-year; Reduced outlook for the fourth quarter due to lockdown in China.
– META reportedly planned to lay off “thousands” of employees starting this week – US Monetary PressU. S.
– AAPL updates on iPhone 14 Pro and iPhone 14 Pro Max offering, COVID restrictions in China have temporarily affected assembly, shipments expected to drop.
AAPL tracking: Reportedly, reduced iPhone production by 3. 0 million games due to slower demand for – Press.
– WBA: Follow-up: The company’s unit would be close to a deal of around $9. 0 billion with Summit Health, it could be finalized as early as November 7 – Press.
– (UK) Senior US White House officials are reported to be in the United States. The U. S. held undisclosed talks with Russian President Putin’s most sensible advisers: the press.
– (UK) Former BOE Governor Carney: Brexit has added to inflation in the UK – British press.
– (USA) Some U. S. officialsthey have privately asked Ukraine to explain its willingness to communicate with Russia in order to keep abroad for many years; The request is not aimed at pushing Ukraine to the negotiating table – WaPo.
– Nikkei 225, 1. 3%, ASX two hundred 0. 6%, Hang Seng 3. 1%; Shanghai compound 0. 2%; kospi 1%.
– Future actions S
– EUR 0,9959-0,9903; 147. 34-146. 68 yen; AUD 0. 6462-0. 6407; NZ$0. 5909-N$0. 5844.
– Gold plate at $1,676/oz; Crude oil -1. 3% to $91. 39/brl; Copper -1. 5% to $3. 6445/lb.
EURUSD is trading near 0. 9950, recovering floor amid a positive change in threat sentiment, which is holding back the recovery of the US dollar. Concerns about the Fed’s interest rate cut restrict any attempt to raise the dollar. Knowledge of the eurozone is watching.
GBPUSD rallied back to 1. 1350, consolidating the biggest gains in a month. Britain’s FinMin Hunt is contemplating a £60 billion tax increase and budget spending cuts. .
The price of gold is stagnating after a key start to the week to the downside. The US dollar fails to inspire aversion to China-related threats amid indecision over the Fed’s next move. inflation data, Fedspeak, will be in XAUUSD’s near-term direction as fundamental conversations ramp up.
The price of Luna Classic rebounded at a critical point and retested a vital point, as noted in the previous article. However, this resolution turns out to have been reversed and LUNC returns to square one.
There are only a handful of events next week, but they will be for the markets. A divided Congress is the most likely end result when Americans go to the polls, paving the way for two years of political stalemate.
Note: All data on this page is subject to change. The use of this implies acceptance of our user agreement. Read our privacy policy and legal notice.
Forex trading on margin carries a high degree of risk and may not be suitable for all investors. The maximum level of leverage can be for both you and you. Before you decide to invest in currencies, you should thoroughly consider your investment. objectives, point of experience and appetite for threats. It is conceivable that you will suffer a total or partial loss of your initial investment and therefore deserve not to invest money that you cannot lose. You deserve to be aware of all the threats related to forex trading and seek the recommendation of an independent monetary advisor if you have any doubts.
The perspectives expressed on FXStreet are those of the individual authors and do not necessarily constitute the opinion of FXStreet or its management. FXStreet has not verified the accuracy or factual basis of any or constitution made through an independent author: errors and omissions may occur. . Any opinions, news, research, analyses, pricing or other data contained on this website, through FXStreet, its employees, clients or collaborators, are provided as a general market observation and do not constitute investment advice. FXStreet will not accept any liability for any loss or damage, including but not limited to any loss of profits, that may arise directly or indirectly from the use of or reliance on such data.