Asian Markets Mixed, Europe Mildly Red
Macro and Cheese | Oct 04, 2012 05:56AM ET
- Asia mixed: Japan +.89%, HK flat, China closed, SoKo -.17%, Aust +.31%
- Australia building approvals -15.4% YoY vs -14.3% expected, -10.6% prev
- HK retail sales +4.5% YoY vs +5.8% expected, +3.9% previous
- Europe mildly red: Eurostoxx -.40%, Dax -.38%, FTSE -.33%
- EC CDS improve overnight; Ireland down to 3.03% from 3.17%
- Netherlands CPI unchanged at +2.3% YoY vs +2.5% expected
This was another quiet night ahead of the BoE and ECB meetings today, and the big unemployment report in the U.S. tomorrow. The main event was Spanish bond auctions today, with Spain coming to market to tap EUR 4 billion.
Spanish yields have risen about 8bp following the auction (not bad in the scheme of things), but all in all results were not terrible. The main news grabbing the headlines was the presidential debates last night, with most pundits giving Romney the edge.
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