Asian equities led most of their western counterparts into red as oil remained on the retreat. WTI crude slipped below

GBL: Global Markets Daily

FX Research by Saktiandi Supaat

Risk Appetite Slips On Oil

Asian equities led most of their western counterparts into red as oil remained on the retreat. WTI crude slipped below the key USD40/bbl. US data underwhelmed with personal income a tad softer than expected at 0.2%m/m. Personal spending steadied around 0.4%m/m and core PCE softened to 0.1%m/m from previous 0.2%, underscoring weak price pressures. Earlier on, Japan PM Abe’s fiscal package saw no fireworks yesterday. New spending for the current fiscal year amounted to JPY4.6trn, less than...