Dec. 10: market news

December 9, 2013

Asian stock markets closed the day in the red zone as China released a bunch of mixed statistics. Industrial output for November rose by 10% from a year earlier, slowing from the previous month's 10.3% increase and not matching the 10.2% forecast. However, retail sales came at 13.7%, accelerating from October's 13.3% rise.

AUD/USD keeps consolidating in the $0.9120/9070 range, holding slightly above the October-December bearish channel. Australia NAB business confidence for November came at 5 (the prior was revised to 6). NZD/USD holds below the $0.8300 mark.

USD/JPY has gained some ground and is retesting the last week’s 103.40 high. Japan released a bunch of quite negative data today (October tertiary industry index contracted by 0.7%, Q4 business sentiment index declined from 15.2 to 9.7). Nikkei 225 index closed the session with a 0.25% contraction. 

 

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