Following the US holiday and increasing fears of a “Grexit”, Asian markets posted mixed results today. Chinese exchanges buoyed performances despite a further slowdown in property prices, which, according to the House Price index, declined 5.1% from a year ago. Australian shares, conversely, slid 0.52% as the RBA kept its main rate unchanged at 2.25%. On the currency front both the Yen and the Aussie strengthened against the US Dollar.
Exchanges will re-open today, highlighted by the release of the NY Empire State Manufacturing Index and by the auction of 3- and 6-month Treasury Bills.