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Regional stock markets have negative cue from Wall Street with DJIA down 0.5%, Nasdaq down 0.3%, S&P 500 down 0.2%; techs stocks could weaken, tracking their U.S. peers, though Japanese exporters
could be helped by USD/JPY’s pop back up above 90 level. In FX markets, USD/JPY could still be weighed by weak U.S. consumer confidence data, which fan expectations that U.S. rates may stay low for longer than expected; traders will also be looking to U.S. ADP jobs report due later in global day. USD/JPY at 90.15 vs 90.19 late NY, EUR/JPY at 131.47 vs 131.41, EUR/USD at 1.4584 vs 1.4573. Tsunami hits Samoa after massive quake; tsunami warning for all Pacific areas canceled, little market impact expected. On data front: Japan manufacturing PMI due at 2315 GMT, preliminary industrial production at 2350 GMT, Aussie building approvals, retail trade, private sector credit at 0130 GMT, NZ NBNZ business outlook at 0200 GMT, Singapore bank loans at 0200 GMT, China manufacturing PMI at 0230 GMT, Korea service industry index, industrial production at 0430 GMT, Japan construction orders at 0500 GMT.
Thai trade statistics due. Later there’s EU flash inflation, U.S. mortgage applications, ADP payrolls report, final GDP, Chicago PMI, oil inventories, Atlanta Fed president Lockhart speaks, Chicago Fed midwest manufacturing index. French budget expected.
