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Tuesday, June 11, 2013

Equities fall on lack of BOJ action.

Japanese and European shares fell while the dollar-yen was -1.8% at the time of writing after the Bank of Japan offered no new stimulus to satiate markets' liquidity habit. U.S. futures were sharply lower as well, while U.S. Treasurys continued to slide, with the 10-year yield up to 2.26%. Hong Kong shares dropped sharply ahead of a holiday tomorrow and the re-opening of mainland Chinese exchanges on Thursday. They've been closed this week and so haven't yet reacted to the weekend's disappointing economic data.

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