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Oil gains ground, Asian shares down.

News Date: 10/11/2015 00:16:41
A batch of bad economic reports hammered Asian markets on Tuesday, with China's CPI edging down to 1.3% y\y in October, lower than the 1.5% expected. Japan's current account for September fell to a surprising 0.78T, much lower than the 1.50T expected. Japan's Nikkei fell 0.20%, while Australia's S&P\ASX 200 index fell 0.74%. Korea's KOSPI lost a heavy 1.70%, while India's Nifty fell 0.68%. China's Shanghai index rose however, with investors hoping the weak data would prompt the central bank into more easing; the index last traded 0.42% higher.

Wall Street ended Monday with heavy losses, with Dow Jones down 179 points, or 1% to 17,730. NASDAQ fell 51 points, or 1.01% to 5,095. S&P 500 lost 20 points, or 0.98% to 2,078.

Dollar steadied, with its index up 0.04% to 99.16. It gained 0.06% against Euro to 1.0745. It rose 0.05% against Sterling to 1.5018. It was flat against Yen at 123.18.

Euro was still searching for a firm foot, with its index edging down 0.05% to 86.65. It was almost flat against Sterling at 0.7112. It lost 0.06% against Yen to 132.36.

Crude prices rose, with Brent futures for December up nine cents, or 0.18% to $48.10 a barrel. U.S. oil futures gained 30 cents, or 0.68% to $44.17 a barrel.

The rise in Oil pushed Canadian dollar higher, to gain 0.14% to C$1.3269. Australian dollar was flat at $0.7047.

Gold futures rose $3.80, or 0.35% to $1,091.80 an ounce. Silver futures rose 6 cents, or 0.46% to $14.48 an ounce.

From the Eurozone, French and Italian industrial production for September is forecast at 0.1%, 0.5% m\m respectively. A higher result could help Euro recover from its lows.

From U.S., import prices for October are forecast to have fallen 0.1% m\m. a positive result would indicate that inflation is ticking up, which would raise the bets on a Fed rate hike, resulting in a stronger dollar.  

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