Odilia Business Advisors – Morning Report

05 Jul Odilia Business Advisors – Morning Report


Odilia Business Advisors
Morning Report

 05 July 2017

Asian share markets got off to a subdued start on Wednesday as simmering tensions on the Korean peninsula supported safe-harbors including the yen and gold.A holiday in the United States and a dearth of major data kept activity muted across Asia, though minutes of the Federal Reserve’s last meeting due later in the day could provide some impetus.

North Korea said it had conducted a test of a newly developed intercontinental ballistic missile that can carry a large and heavy nuclear warhead.South Korean and U.S. troops fired missiles into the waters off South Korea to show their deep strike precision capability.

The People’s Bank of China (PBOC) set the Yuan reference rate at 6.7922 vs. Tuesday’s fix of 6.7889.Dollar Rupee came down yesterday after testing a high of 64.88.

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