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Asian Stock Futures Fall as Dollar Holds Drop After Data

Written By Kontak Perkasa Futures on Friday, July 26, 2013 | 11:51 AM


Bloomberg (26/7) -- Asian stock futures (NKA) fell, while currencies from the yen to the Australian dollar held gains against the greenback as investors assessed U.S. economic data and corporate earnings to gauge the timing of cuts to Federal Reserve stimulus. Gold maintained its advance.

Futures due in September on Japan’s Nikkei 225 Stock Average fell 1 percent by 3 a.m. in Osaka, while contracts on Australia’s S&P/ASX 200 Index dropped less than 0.1 percent. Hong Kong stock futures retreated in their most recent trading session. Standard & Poor’s 500 Index futures rose 0.1 percent after the gauge closed 0.3 percent higher in New York. Yields on 10-year Treasuries fell. The dollar weakened against most of the 16 major currencies tracked by Bloomberg yesterday.

U.S. durable goods orders increased more than economists predicted in June, while jobless claims rose in the latest week, data before next week’s Federal Reserve Open Market Committee showed. China ordered companies in 19 industries to cut excess production capacity yesterday as it seeks to recalibrate the economy. In Japan, consumer prices probably rose from a year earlier in June for the first time since May, 2012, according to a Bloomberg survey before data today.
Written by: Kontak Perkasa Futures
PT.Kontak Perkasa Futures, Updated at: 11:51 AM
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