Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
U.S. Stock Futures Rise as Markets Brace for Jobs and Inflation Data 
Nikkei 225 Hits Record High Above 56,000 After Japan Election Boosts Market Confidence 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
Asian Currencies Stay Rangebound as Yen Firms on Intervention Talk 
South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
Indian Refiners Scale Back Russian Oil Imports as U.S.-India Trade Deal Advances 
Australian Pension Funds Boost Currency Hedging as Aussie Dollar Strengthens 
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal 
The New Zealand bonds jumped at the time of closing Tuesday as investors poured into safe-haven assets, over hovering worries over global natural as well as political disturbances, caused by the tropical hurricane Harvey in the United States and North Korea’s ballistic missile launch over Japan early today.
At the time of closing, the yield on the benchmark 10-year Treasury note, which moves inversely to its price, slipped 1/2 basis point to 2.88 percent, the yield on 7-year note slumped 4 basis points to 2.72 percent while the yield on short-term 2-year ended 1-1/2 basis points lower at 2.04 percent.
Floodwaters from tropical storm Harvey, which has already killed at least seven people in Texas and was expected to drive tens of thousands from their homes, are likely to rise, officials warned on Monday, as heavy rain continued to pound the US Gulf Coast. The floods could destroy as much as USD20 billion in insured property, making the storm one of the costliest in history for US insurers, Wall Street analysts said.
A North Korean missile fired over Japan Tuesday was denounced by Japanese Prime Minister Shinzo Abe as a "most serious and grave" threat. Abe, who shared a 40-minute phone conversation with US President Donald Trump in response to the launch, said the two leaders had agreed to call for an immediate emergency meeting of the UN Security Council "and increase the pressure towards North Korea". During the call, Trump reiterated that the United States "stands with Japan 100 percent".
Meanwhile, the NZX 50 index closed 1.13 percent lower at 7,738.34, while at 05:00GMT, the FxWirePro's Hourly NZD Strength Index remained highly bearish at -116.57 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex
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