Market Comment |
Australia |
| The S&P/ASX 200 index increased 0.74% or 37.308pts to 5103.55 (day range: 5125 – 5066.2) on Tuesday. The index is below its 20d MA (@ 5119) and below its 50d MA (@ 5352). 39% of the index constituents are above their 20D MA (vs 31% the previous session) and 30% of the shares are above their 50D MA (vs 24%).
Australia: The ANZ Roy Morgan Consumer Confidence Index rose to 114.5 in the week ended September 20 from 105.3 a week earlier. Australia’s house price index rose 9.8% YoY in 2Q vs +6.9% in 1Q, according to the Australian Bureau of Statistics. |
Foreign Exchange |
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| The US dollar was higher against its major counterparts on Tuesday except for the JPY. On the economic data front, US FHFA home prices increased 0.6% in July from an increase of 0.2% in June above the 0.4% estimate. The Richmond fed manufacturing survey was down -0.5 in Sept from 0 in August. (2.0 estimate)
The Euro was under pressure against its major counterparts except for the GBP and AUD. In Europe, euro-zone consumer confidence index fell to -7.1 in September from -6.9 in August. Economists anticipated -7. UK budget deficit was £12.1B in August, the highest since 2012, from £0.7B a month earlier. The Australian dollar was lower against its major pairs with the exception of the GBP. |
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