Australia: AiG Performance of Services Index (Feb): 48.5

Mar 4, 2013

Wall Street opens the week with gains

The US stocks market closed Monday with gains recovering initial loses on China housing bubble concern. Apple's shares hit its 52-week low at $419.00

Forex: AUD/JPY almost erases all previous loses, back above 95.00

Ahead of a busy Asian session today for Aussie with key domestic data in the form of Australia retail sales month to month at 00:30 GMT and current account, followed by RBA rate statement at 03:30 GMT, AUD/JPY has managed to erase almost all loses so far for the week, last at 95.28, a -0.22% lower. Some analyst call for a weekly close below 95 as a key signal in order to bolster the bear case, though the cross is still up +18.86% in last 6 months.