Markets looking to US CPI and FOMC Minutes Wed night – RBNZ rate decision tomorrow
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Asian markets were quiet with little movement in FX and bonds. Taiwan Semi's new US subsidies helped Taiwan's Taiex to fresh record highs. Australian monthly consumer confidence extends its slump to 2 years. NZ businesses are more pessimistic about the economy based on their own trading against a range of economic headwinds. South Korea joins the international chip wars with multi-billion dollar incentives to attract chip-makers. US equity futures were up during the Asian session. The RBNZ rate decision is expected tomorrow. Holidays in Asia this week: Indonesia, Malaysia, Philippines, Singapore, India.
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