Equity World – Reserve Bank of Australia is expected to hold interest rates at a record low 1.5 percent on Tuesday in the first meeting this year. Central banks in India, New Zealand, the Philippines and Thailand also have a monetary policy meeting this week.

Germany provides a factory data on Tuesday which is expected to show output slowed in December from the previous month.

 

Equity World | Reserve Bank of Australia Hold Interest flowers

The broader Topix index dropped 0.6 percent at 09:23 in Tokyo, after rising two days. Toyota Motor Corp’s share price fell 2.5 percent after reporting a 39 percent drop in third-quarter operating profit.

Australia’s S & P / ASX 200 Index fell 0.2 percent. South Korea’s Kospi index fell 0.1 percent

as well as New Zealand’s main index fell 0.2 percent.
The yen was little changed at 111.77 per dollar, after jumping 0.8 percent in the previous session touching the highest level since November last year.

The euro fell 0.2 percent to $ 1.0734 after sliding 0.3 percent on Monday. Aussie fell for a second day, make a profit for the year fell 0.2 percent to be 6 percent.

The price of oil rose 0.4 percent to $ 53.22 a barrel, after falling 1.4 percent on Monday after Baker Hughes Inc said the US increase the number of drilling rigs are the most since October 2015.

The purchase price of Australia’s 10-year bonds rose, making the yield down seven basis points to 2.70 percent, while the New Zealand bond yields fell seven basis points to 3.32 percent.

 

Equity World | Reserve Bank of Australia Hold Interest flowers

Likewise, for a purchase price of US Treasuries, on Monday rose to the highest in more than two weeks, which makes the 10-year yields fell by six basis points to 2.41 percent.

The yield differential between 10-year French bonds and German jumped to 72 basis points on Monday.

Gold slipped 0.2 percent after rising for three days in a row to its highest level since November last year.

Nickel rose on Monday after the Philippines reiterated the government’s policy plans of mining in this country. While copper prices have increased due to planned strike in Chile.

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