Again, concerns that the trade war may escalate and worsened US economic data will also be in focus during the Asian session. At this stage, Asian futures are pointing to a weaker session opening, and we will expect cash flows to focus more on the yen. The Japanese currency continues to rise in price.
Australia to Hong Kong futures are in the red – Nikkei225 is down 1.4%, ASX200 is down 1.3%, Hang Seng is down 0.6%.
Later in the session we will expect a decision on Australia’s interest rate as well as the RBA report. Saudi Aramco will have to confirm whether they will be finally evaluated for their IPO on Thursday.
Source: Bloomberg Finance L.P.
Graphs: Used with permission of Bloomberg Finance L.P.
Trader Martin Nikolov