Today’s Asian session has seen very light trade since China, Hong Kong, Taiwan, Japan, South Korea and Singapore markets are all closed due to Chinese New Year and Japanese Founding Day holidays. The ASX 200 has traded in minor positive territory, boosted by the utilities and the telecommunications sectors. JB-HiFi is the leader of the index with gains of around 15% after the Co. stated January total sales grew 11.7% and that the FY outlook is better than forecasts.
The FX markets have traded thinly amid the lack of market moving news flows and the lack of market participants. However, there has been JPY strength with USD/JPY dipping below 92.40 and we have also seen minor EUR strength with EUR/USD moving marginally higher after spending the opening at the lows.
Looking forward, Indian Imports and Exports are due to be released with no scheduled time and Indian Local Sales is scheduled for release at 0630GMT/0030CST.
As of 0220GMT:
11 Feb 2013 - 03:20 - Equities - Source: Newswires
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