Analysts at RBS noted the key highlights in data events from the Asian shift as
a recap.
Key Quotes:
"Chinese Caixin services PMI
grew to 52 in October from 50.5 in September. While composite PMI grew to 49.9
in October from 48 in September."
"Australian Retail Sales fell 0.4% m/m
in September, same as in August and in line with consensus
expectation."
"Australia’s trade deficit fell to A$2.317bn in September,
smaller than estimates at A$2.9bn and narrowing from a revised A$2.7bn deficit
in August."
"New Zealand’s Unemployment Rate remained steady at 6% in Q3,
same as in Q2 and above consensus expectation of 5.9%."
"Japanese
services PMI grew to 52.2 in October from 51.4 in September. While composite PMI
grew to 52.3 in October from 51.2 in September. (Bloomberg)
"Japanese
Consumer Confidence Index grew to 41.5 in October (Consensus 40.8) from 40.6 in
September."
"Japan Post Bank President Masatsugu Nagato said that the
newly privatized Japan Post Bank Co could accelerate a shift away from Japanese
government bonds in its $1.7 trillion portfolio, buying billions of dollars of
domestic and overseas equities to boost returns as a listed company."
