Morning Markets: Shrinking Apple sours equities
- Germany: Gfk Consumer Climate Index (0600 GMT)
- US: PMI Services Index (1345 GMT
- US: New Home Sales (1400 GMT)
- Asian shares and US equity futures declined after Apple result
- Apple fell as much as 2.9% in after-hours US trading
- Crude oil slipped to a three-week low in early Asia trade
- ASX 200 was the underperformer in Asia, off 82 points or 1.5% to hit a month low
- Shares in Ardent Leisure, operator of Queensland's Dreamworld theme park, fell 11.06%
- Four people were killed at the park when a ride apparently malfunctioned
- Australia's headline quarterly CPI grew 0.7%, bringing the annual rate to 1.3% (from 1%)
- Annual core inflation was unchanged at 1.7%
- The inflation result is thought to rule out another RBA cut this year
- AUD was lifted above 0.77 on higher than expected inflation
- The yen was basically flat against the dollar, trading at 104.26
From the Floor
Storming aussie. “If AUDUSD closes above 0.7700, that opens up significant upside,” says Van-Petersen
Go on then. “It looks like the market is giving Opec the benefit of the doubt on an oil deal, but without Russia, this is almost a dead deal,” says Hansen.
Get all the latest from Saxo Bank's trading floors in From the Floor, within the hour.
There's every hope that German consumer demand will fall in line with recent buoyant business sentiment data, reports James Picerno
Gold put in its best performance in more than two weeks, writes the team at Saxo APAC Sales Trading
This morning's ASX slump was not helped by overnight US data, but a poor result from supermarket owner Wesfarmers didn't help either, says Saxo Capital Markets
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