Aussie and Kiwi rally as Asian markets advance

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Source: Bloomberg
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Australian and New Zealand Dollars sharply appreciated on Tuesday reaching 3-week high as Asian markets rallied on better-than-expected manufacturing data. Aussie strengthened both 0.6% against US Dollar and Japanese Yen to $1.0297 and ВҐ79.12 in Sydney, while Kiwi gained 0.9% to $0.7850 and advanced 0.8% to ВҐ60.32 against Yen. AUD/USD currently is trading at $1.0293 and NZD/USD is trading at $0.7843.

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Tue, 03 Jan 2012 08:00:45 GMT

Australian bonds fall on Asian manufacturing data

Australian sovereign bonds declined reaching highest yields since September as surveys indicate Asian manufacturing is growing and investors demand safe haven assets less. The borrowing costs on 10-year Australian bill increased by 16 b.p. or 0.16 percentage point reaching 3.83%. Analysts predict that benchmark 10-year yields in Australia could climb 22 b.p. by end of March. 

Tue, 03 Jan 2012 07:42:06 GMT

European equities rally on the first session of 2012

Europe's markets experienced a sharp increase on Monday as better-than-predicted German PMI data lifted investor confidence. Stoxx Europe 600 index gained 1.1% and finished at 247.15. German DAX rocketed 3% led by chemicals and drug producers and closed at 6,075.52. French CAC 40 index advanced 2%, reaching 3,222.30. UK market was closed for a holiday. 

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