Asian shares mixed as investors await crucial central bank decisions | Malay Mail

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SYDNEY, Nov 2 ― Asian shares were mixed today and currencies held tight ranges as nervous investors awaited several key central bank meetings that could set the tone for risk appetite heading into next year. MSCI's gauge of Asia-Pacific shares outside Japan recovered early losses to be 0.8 per...

SYDNEY, Nov 2 ― Asian shares were mixed today and currencies held tight ranges as nervous investors awaited several key central bank meetings that could set the tone for risk appetite heading into next year.

“All eyes for us are on the RBA,” said Adam Dawes, an investment adviser at Shaw and Partners Ltd in Sydney. Australian government bonds fell, with the 10-year benchmark yield five basis points higher at 1.973 per cent, ahead of the RBA's post-meeting announcement scheduled for 330 GMT. The yen was a fraction weaker at 114.11 per dollar and the greenback nursing a small overnight loss on the euro.

Swaps pricing points to a better-than-even chance of the BoE hiking, while the RBA is expected to officially drop its yield curve control policy. In commodities markets, a further 4 per cent drop in Chinese coal prices yesterday pushed them 50 per cent below last month's record high.

 

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