ASIA WRAP: ASX Fades Higher Open

*Argentina's election results in conservative President Macri ousted
*HSBC missed Q3 profit forecasts and flags concerning revenue outlook
*China industrial profits y/y declined -3.3% dragging oil lower

FX:

• FX markets were mainly dormant with participants waiting for the heavy schedule of economic data points and central bank decisions to get underway.
• AUDUSD -0.12%. 
• NZDUSD 0.00%.
• EURUSD +0.07%. 
• GBPUSD +0.02%.
• USDJPY +0.09. 
• USDCAD +0.11%.
• USDCNH +0.12% but looks technically bearish.

Equities:

• Asian benchmarks started strong as expected following on from Friday's push towards all-time highs.
• ASX Cash +0.02% finished flat led by gains in the energy sector.
• ASX Futures +0.015%. 
• S&P Futures +0.13%.
• Nikkei Futures +0.35%. 
• CSI Futures +0.67%.

Fixed Income:

• Yields were largely flat but marginally higher alongside the broad equity bid.
• US 10y yields +1bps. 
• AUS 10y yields +1bps.

Commodities:

• Brent Crude Futures -0.3% edged lower after industrial profits declined in China.
• Gold spot +0.08% finds resistance at 1,500.