The
big news to kick off the week was the debt limit agreement reached
over the weekend in the US:
The
news acted as support for risk asset trades. Moves were not large,
however US equity index futures are higher to begin the new week while
the USD is a little weaker. AUD, NZD, EUR all gained during the
session. Again, moves were not large.
The
yen found some support. North Korea informed Japan it’d be
launching a satellite in coming days (NK specified a time window of
May 31 to June11). Japan objected, Prime Minister Kishida said any
missile launch, even if called a satellite, is a serious violation of
the UN Security Council Resolution. Chief Cabinet Sec. Matsuno says a
launch would be a threat to Japan’s security.
The
data calendar in Asia was empty today. Interest and liquidity was
lessened due to the upcoming Europe/UK/US holiday today.
Asian
equity markets:
-
Japan’s Nikkei 225 +1.3%
-
China’s Shanghai Composite +0.2%
-
Hong Kong’s Hang Seng -0.2%
-
South Korea’s KOSPI was closed for a holiday today
-
Australia’s S&P/ASX 200 +1.1%
US S&P500 futures gapped higher: