-CHINA (CN) MAR HSBC FLASH MANUFACTURING PMI: 48.1 v 49,7 before (5 consecutive contraction, 4-month low fall first in 4 months) >-(JP) JAPAN FEB MERCHANDISE TRADE BALANCE total: + ¥ 32 be V ¥ 120BE (first surplus in 5 months); BEREINIGTE trade balance:-313 b ¥ V ¥ 343BE (5-month high)
-(NZ) NEW ZEALAND Q4 GDP Q/F: 0.3% V 0.6%E; Y/Y: 1.8% V 2.2%E; 2011 GDP: 1.4% V 1.6%e
-(JP) JAPAN FEB NATIONWIDE SUPERMARKET SALES Y/Y: 0.3% V 1.2% BEFORE
-(CO) COLOMBIA JAN INDUSTRIAL PRODUCTION Y/Y: 2.4% V 4.0%E; RETAIL SALES Y/Y: 4.9% V 7.0%E
B. market snapshot (04: 30GMT).
-Nikkei225 0.1%
-S & P/ASX + 0.5%
-Kospi 0.2%
-Taiwan TAIEX + 0.8%
-Singapur Straits Times 0.3%
-Shanghai composite - 0.4%
-Hang Seng unchanged
S & P futures 0.1% at 1.396
-April gold 0.1% to $1.649 / oz
-Can raw 0.6% to $106.63
B. Overview/top headlines.
Markets were mixed today, with the weakness of the dollar against major currencies. Opening gains after HSBC Flash manufacturing PMI for China came back compared to 48,1 were, this was the 5th consecutive contraction and a 4-month low. There was some chatter ahead of time which could be the reading of 50. New exports was also from the last reading at 46.2 in February. First of all, the AUD/USD fell over 60 pips to $1.0415 (2-month low). The fell also Shanghai composite, but three hours later it returned to positive territory wins more than 0.3%. Over night the PBoC cut off the required reserve ratio (RRR) for other branches of the agricultural Bank of China to promote credit in the rural areas, March 25. The preferred policy, which now covers originally 563 county-level outlets in 8 provinces covers a further 379 outlet type in 4 provinces. Qualified so far 565 outlets have the lower ratio of RRR, a move that could share about CNY23B, when granting credit for these areas. Yen surprise in Japan for February has the a trade surplus a boost after. USD/JPY dropped below ¥ 83.20 in the news. This was the first surplus in 5 months, a high deficit of ¥ 313 b 5 month came the trade balance Japan adapted. Exports to China went for the sixth month in a row, while their biggest increase in exports in the United States since Dec 2010. The NZ$ 40 pips after Q4 fell GDP data, private expenditure increases expect tightening of the directive in December despite the soft Q4 GDP data 0.8%, while government spending start 0.7%, which was Q/q analysts at ANZ for the RBNZ, but must pick up economic growth in H2. Silver and copper reversed yesterday's profits fall 0.4% and 0.9% or. Wheat and maize on their profits up 0.3% and 0.4% respectively and.
** Speaker/geopolitical/in the press.
-(AU) Reserve Bank of Australia (RBA) signed CNY200B bilateral currency swap line with China the PBoC worth up to a$ 30 (b) first 3-year period
-(JP) Japan Govt Official: preliminary talks with China and South Korea by 3-way finished investment pact
-(KR) South Korea fin min Bahk: economy could his bottom in the first quarter reached
-(JP) boJ Morimoto: liquidity concerns in Europe declined, although debt crisis also risks of Japan and the world economy
-(EU) ECB Pres Draghi: LTRO will not fuel pump inflation; Will take preventative measures if deteriorating inflation Outlook
-(AU) RBA assist gov Ferrari: competition for deposits is the main driver of higher funding costs for banks
-(CN) China State Council Development Center bin researchers Yu: GDP by 8.5%, expected 2012 Narrow trade surplus expected in this year
B. shares.
-Wharf, 4.HK: FY11 reports underlying HK$ 8.1 benefit b V HK$ 7. 9be, Rev HK$ 24B, + 24% y/y
-VAH.AU: Australian competition and Consumer Commission expected to announce that it agrees with Australian Press Alliance between Virgin and SkyWest-
-BSL.AU: will the company into two units, which separated on global prefabricated building market and products market
-SIP.AU: Reports FY11 net a$ 49.2 M-V a$ 51Me; Special dividend declared by $0.015
** US stocks.
-GM: Australia Govt give has, an A is $ 275 M aid package to ensure GM Aussie unit will continue to cars in the country - Australian press; + 0.1% after hours
-DFS: Reports Q4 $1.18 V $0. 94, R$ 1.84 b V $1. 8be; 0.8% after hours
-DMND: Indulgence with lenders; unites itself $0.045 Dividend payment breaks; -1.6% after hours
B. FX/fixed income / commodities.
-(Uns), there are concerns that the United States is running, the space for natural gas, record production and weak demand - push us financial
-(CN) China NDRC planning to improve the coal price system and look in coal futures trading
-(JP) Japan Finance Ministry official: Japan of one of the 20-year EFSF bonds do not buy
-(CN) China Ministry of industry and information technology: Jan gold Edition + 3.7% y/y 24.13 tons - Chinese press
-GLD: SPDR gold trust ETF daily operations fall 3.1 tonnes to 1,290.2 tonnes as Mar 20th (lowest since 1,284.6 on Feb 28 h)
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