*NZ Bus. Confidence better against prior month but still in neg territory
*Aussie Building Approvals experience strong gain +7.6% m/m
*China Mfg PMI reads 49.3, near year lows
*BoJ unchanged but keeps the door open to future easing
FX:
- FX markets were largely supported following the Fed's rate cut overnight.
- AUDUSD +0.29% gained on a strong beat in Aussie building approvals.
- NZDUSD +0.49% crept higher on improved business confidence.
- EURUSD +0.11%.
- GBPUSD +0.17%.
- USDJPY -0.15% has edged lower on BoJ.
- USDCAD +0.02% was steady after gaining +60pips on BoC's dovish hold.
- USDCNH -0.08% tests Sep. lows.
- EM FX space was broadly USD offered.
Equities:
- Equities were mixed in Asia having already made prominent moves in the overnight session.
- ASX Cash -0.39% though Costa Group (CGC.AX) stood up, rallying +8.4%
- ASX Futures was also soft -21pts with the RBA all but certain to hold in Nov.
- S&P 500 Futures -0.02%.
- Nikkei Futures +0.39%.
- CSI 300 Futures -0.01%.
- HSI Futures +1.2%.
Fixed Income:
- US 10y yields have ticked lower on the Fed's rate decision and forward guidance.
- AUS 10y yields are +4bps since 8am AEDT this morning.
Commodities:
- Brent Crude Futures +0.22% finished up on a slightly weaker dollar.
- Gold spot +0.14% benefitted also.
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