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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:
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