Asian Stocks Pare Monthly Gain as Fed Fuels Tapering Bets

Asian stocks fell, trimming the best two-month rally for the regional benchmark gauge since the start of 2012, after the Federal Reserve fueled bets it may start paring stimulus sooner than previously forecast.

Alacer Gold Corp. sank 3.5 percent in Sydney as the price of the precious metal declined. Honda Motor Co. (7267) lost 1.8 percent after Japan’s third-largest carmaker reported second-quarter profit that missed analysts’ estimates amid slowing motorcycle sales in Southeast Asia. National Australia Bank Ltd. (NAB) retreated 2.3 percent as expenses climbed at the country’s largest lender by assets.

The MSCI Asia Pacific Index dropped 0.4 percent to 142.70 as of 9:37 a.m. in Hong Kong, with eight of the 10 industry groups on the measure retreating. While the Fed said fiscal policy is “restraining economic growth,” policy makers see signs of “underlying strength.”

“Tapering is inevitable, and that’s what you read from last night’s statement,” said Donald Williams, Sydney-based chief investment officer at Platypus Asset Management Ltd., which oversees about A$1.6 billion ($1.5 billion). “The timing is still unsure, but the market is going to price in the likelihood of tapering in the next six months at the latest.”

The odds of the Fed starting to taper its stimulus in January rose to 45 percent from 25 percent before yesterday’s statement, Citigroup Inc. said. Economists surveyed by Bloomberg Oct. 17-18 predicted the Fed would begin paring stimulus in March.

(Source: Bloomberg)

Dollar Maintains Three-Day Gain Versus Yen Before Fed Decision

The dollar held a three-day gain against the yen amid speculation Federal Reserve policy makers won’t announce any major changes to monetary stimulus when they conclude a meeting today.

The Bloomberg U.S. Dollar Index remained higher after its biggest rally in almost eight weeks with the Fed due to wrap up it’s two-day meeting and the Bank of Japan set to decide on policy tomorrow. The euro was supported ahead of data forecast to show consumers in the currency bloc are the least pessimistic in more than two years. An index of currency volatility rose from the lowest level since December.

The greenback was little changed at 98.16 yen as of 10:25 a.m. in Tokyo from yesterday, when it advanced 0.5 percent. It rose 0.1 percent to $1.3736 per euro. Europe’s shared currency bought 134.84 yen from 134.96 in New York.

Bloomberg’s dollar gauge, which monitors the currency against 10 peers, was little changed at 1,006.34. It gained 0.4 percent yesterday, the most since Sept. 5.

A measure of price swings among the currencies of Group of Seven nations rose for a third day yesterday. The JPMorgan G7 Volatility Index was at 7.61 percent after touching 7.48 percent in the previous session, the lowest level since Dec. 21.

(Source: Bloomberg)

Nikkei index Back Down , Less delighted him Japan Economic Data

Japanese stocks for day trading closed Tuesday declined . But yesterday the Japanese stock market had rebounded above 2 % after experiencing consolidation . Investors apparently have not dared to take too long given Japan's unemployment rate data for the month of September is less encouraging . The data reported this morning only decreased by 0.1 % to 4.0 % . While the data on retail product sales increased 3.0 % .

The Nikkei closed down 0.49 % to 14325.98 points basis . While index futures rose 19 points to 14360 flimsy basis points with the support level of 14215 points and 14478 points level resistant .

Stocks that declined include Fanuc Corp. shares are down 1.76 % to 16160 yen , Fast retailling shares fell 0.6 % to 33000 yen , GS Yuasa shares fell 2.06 % to 617 yen and Hino Motors shares fell 4 , 38 % to 1355 yen .

According to the analysis , the movement of the stock market Jeoang for Wednesday is expected to be overshadowed by the negative sentiment profit taking by investors . Tuesday investors will await the outcome of the Fed's regular meeting will memnbahas about the current U.S. monetary conditions .

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Dolar Menuju Kerugian Bulanan Terhadap Hampir Semua Mata Uang Utama Sejalan Dimulainya Pertemuan FED

Dolar menuju kerugian bulanan terhadap sebagian besar mata uang utama sebelum data AS diperkirakan akan menunjukkan kepercayaan konsumen jatuh ke level terendah dalam 5 bulan dan penjualan retail  terhenti disaat Federal Reserve memulai pertemuan dua harinya pada hari ini .

Greenback diperdagangkan mendekati hampir dua tahun rendah terhadap euro dengan laporan karena hari ini yang mungkin menunjukkan sentimen konsumen yang kuat di Perancis , ekonomi terbesar kedua di Eropa . The Bloomberg Indeks Dollar AS turun untuk bulan kedua di tengah spekulasi bahwa shutdown pemerintah parsial menambah kasus untuk Fed untuk menunda pengurangan stimulus . Dolar Aussie melemah setelah Gubernur Reserve Bank of Australia Glenn Stevens mengatakan mata uang mungkin akan " secara material lebih rendah . "

Dolar sedikit berubah pada $ 1,3783 per euro pada 10:01 di Tokyo dari kemarin , siap untuk penurunan 1,9 persen bulan ini . Hal ini menyentuh $ 1,3832 pada 25 Oktober , terlemah sejak November 2011. Mata uang AS turun 0,2 persen menjadi 97,52 ¥ , ditetapkan untuk penurunan bulanan 0,8 persen .

Euro  melemah 0,2 persen menjadi 134,39 ¥ dari kemarin . Untuk bulan ini , itu naik 1,1 persen terhadap mata uang Jepang . Dolar Australia turun 0,5 persen menjadi 95,23 sen AS , setelah sebelumnya jatuh ke 95,15 , terendah sejak 16 Oktober

The Bloomberg US Dollar Index , yang melacak greenback terhadap 10 mata uang utama , berada di 1,002.57 1,002.27 dari kemarin. Indeks ini turun 0,9 persen bulan ini .

(Sumber: Blommberg)

WTI Crude berfluktuasi Sebelum Data Produksi Industri AS Dirilis

West Texas Intermediate berayun antara keuntungan dan kerugian sebelum data ekonomi AS yang mungkin menandakan ketika Federal Reserve AS akan mulai mempertimbangkan skala stimulus moneter kembali di negara dengan konsumen minyak mentah terbesar di dunia .

Futures berfluktuasi di New York setelah jatuh 2,9 persen pekan lalu , terbesar dalam lima minggu . Sebuah serial data pemerintah AS diperkirakan akan menunjukkan hal itu minggu ini , termasuk angka produksi industri yang diperkirakan akan menunjukkan output naik pada bulan September . Ekspor minyak mentah Irak bulan lalu turun menjadi 62,1 juta barel di tengah perawatan , menurut juru bicara kementerian minyak.

WTI untuk pengiriman Desember berada di $ 97,71 per barel di perdagangan elektronik di New York Mercantile Exchange , turun 14 sen pada 12:55 waktu Sydney . Kontrak naik 0,8 persen menjadi $ 97,85 pada 25 Oktober , pemangkasan penurunan mingguan . Volume semua berjangka yang diperdagangkan adalah sekitar 36 persen di bawah rata-rata 100 hari .

Brent untuk pengiriman Desember naik 27 sen menjadi $ 107,20 per barel di ICE Futures Europe exchange yang berbasis di London . Minyak mentah patokan Eropa dengan premi sebesar $ 9,49 untuk WTI berjangka , naik dari $ 9,08 pada 25 Oktober.

(Sumber: Bloomberg)