ASIA
JGBs dipped overnight, with futures handing back earlier gains, amid jitterish trade ahead of closely watched US jobs data later in the day that is expected to set the direction for a market that has scaled steep peaks this week. Nikkei edged down 0.1%, after an unexpected rise in weekly US jobless claims underscored the economy’s weakening and sent Wall Street lower a day before the monthly US payrolls report. (RTRS)
In other news, Japanese Prime Minister Kan said he is closely watching the economy’s performance to see if fresh stimulus is needed, as worries that the world’s second largest economy is losing steam. (RTRS)
US
Christine Romer, one of President Obama’s top economic advisers, is stepping down, an exit that comes as the White House struggles to keep the recovery on track with Congressional elections looming in November. (RTRS)
In other news, foreign central bank’s ownership of US Treasuries rose by USD 6.456bln to USD 2.326trl in the week ended August 4. Also, the US Federal Reserve’s balance sheet increased slightly USD 2.309trl on August 4 compared with USD 2.308trl on July 28, according to the Fed. (RTRS)
No comments:
Post a Comment