“The market is fairly aggressively priced for a tightening campaign and that’s why there is that risk that the statement might disappoint some of the market players”

The Canadian dollar fell versus the U.S. currency on Tuesday as the market started to consider the possibility that the upcoming Bank of Canada statement may not deliver as hawkish a message as many expect. via Sympatico Finance

Original post by Sympatico Finance

“There is a chance we could see some falls after the market’s recent rally, but the overall fundamentals appear good”

South Korean stocks extended their record-breaking run on Tuesday, while gains for major miners amid firmer metals prices helped nudge Australian shares higher. via CNN

Original post by CNN

The Australian share market was stronger at noon with the major miners, along with a mixed bag of stocks, pushing shares higher overall. via The Sydney Morning Herald

Original post by The Sydney Morning Herald

Stocks pointed to a higher opening Tuesday after the long holiday weekend, with traders optimistic ahead of data on consumer confidence and the housing market.

The market is expecting the Conference Board to report at 10 a.m. that its May index of consumer confidence came in at 105.0, a slight improvement from the previous month’s reading of 104.0.

Also Tuesday, Standard & Poor’s releases its home price index, and the Dallas and Chicago Federal Reserves release their indexes of regional manufacturing. Read more

Original post by The Associated Press

“This is only a monthly figure and does not reflect what will happen in the future”

Taiwan’s economy slowed in April due to a decline in exports and lackluster performance of the island’s stocks, said the Council of Economic Planning and Development yesterday. via The China Post

Original post by The China Post

“Buyers can benefit from a stronger yuan besides the interest rate on the bond.”

BANK of China said yesterday it plans to issue up to three billion yuan of yuan-backed bonds in Hong Kong in what could be the first such debt sale in the special administrative region. via Shanghai Daily

Original post by Shanghai Daily