Asian stock markets november 18 2011

Indonesia stock info - Asian stock markets november 18 2011 ; Asian markets started the day of negative again before seeing modest reversal in Australia, Korea, Taiwan and Shanghai. EUR/USD hung near 5-week lows, USD/CHF extended its gains above CHF0.9220, GBP/USD fell below $1.57, a 4-week low and AUD/USD neared parity below $1.0050, a 1-month low. Focus on Europe is moving to obtaining funds from the money markets to finance sovereign debt, rising yields show this continues to remain a problem. France's 10-yr bond over German Bunds rose to a high near 2% yesterday causing a fresh wave of concern. Both France (05:00ET) and Spain (04:30ET) will hold bond auctions later today, of which the results will be eagerly awaited.

PBoC released its Q3 monetary report indicating that inflationary pressure is heavy due to global quantitative easing and high labor and service costs; Fight against rising prices will not ease. The PBoC said it will maintain different reserve requirement ratios and continue to insist on lenders including margin deposits among reserves they leave with it. Also said M2 is "at a reasonable level" and reiterated will gradually reform the exchange rate regime and expand outflow and inflow channels for the yuan.

Local press reported that Thailand is considering using its $182B of foreign reserves to finance post flood rebuilding and flood prevention measures. Japan in its monthly economic reported signaled they were very concerned about the impact of the flooding on Japan exports.

***Markets Snapshot (as of 04:30GMT)***
- Nikkei225 +0.1%
- S&P/ASX +0.3%
- Kospi +0.1%
- Taiwan Taiex -0.3%
- Singapore Straits Times Index -0.7%
- Shanghai Composite flat
- Hang Seng -0.9%
- S&P Futures +0.3% at 1,234
- Dec Gold -0.7% at $1,761/oz
- Dec Crude -0.5% at $102.10

***Economic Data***
- (AU) AUSTRALIA AUG AVERAGE WEEKLY WAGES Q/Q: 1.2% V 1.1%E; Y/Y: 5.3% V 4.8%E
- (SI) SINGAPORE OCT ELECTRONIC EXPORTS Y/Y: -31.2% V -15.0%E; NON-OIL DOMESTIC EXPORTS M/M: -5.9% V 2.1%E; Y/Y: -16.2% V -7.8%E
- (NZ) NEW ZEALAND Q3 PRODUCER PRICES: INPUTS Q/Q: 0.6% V 0.9% PRIOR (lowest in 7 quarters); OUTPUTS Q/Q: 0.2% V 1.4% PRIOR (matches 6-quarter low in Q4 of 2010)
- (KS) SOUTH KOREA OCT DEPARTMENT STORE SALES Y/Y: 3.1% V 6.5% PRIOR; DISCOUNT STORE SALES Y/Y: 5.5% V -1.1% PRIOR
- (CH) CHINA SEPT CONFERENCE BOARD LEADING ECONOMIC INDEX M/M: 0.4% V 0.6% PRIOR (5-month low)
- (AU) AUSTRALIA OCT RBA FOREIGN EXCHANGE TRANSACTION (A$): 401M V 641M PRIOR
- (UK) UK OCT NATIONWIDE CONSUMER CONFIDENCE: 36 V 43E (5th consecutive decline; Multi-year low)
- (JP) BANK OF JAPAN MONTHLY ECONOMIC REPORT: EXPORTS, PRODUCTION EXPECTED TO BE FLAT FOR A WHILE
- (AU) Australia OCT Foreign Reserves (A$): 44.9B v 44.9B prior
- (JP) Japan investors sold ¥232B in foreign bonds last week v ¥1.6T sold in prior week

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