Asia starts the new week softly

The Asian indices began trading sessions for this week with declines following the weak US state session last Friday. Meanwhile, in the FX markets, the pound opened up after the Theresa May struggle over the weekend to keep Brexit’s plan alive.

Shares in Japan, Australia and South Korea are down. Last Friday’s futures also point to a lower opening in Hong Kong. The decrease follows the fall of NASDAQ 100 by about 1.5% last Friday.

The Chinese economy will be in focus this week. On Wednesday we have China Retail Sales and Industrial Production.

Source: Bloomberg Finance L.P.

Graphs: Used with permission of Bloomberg Finance L.P.

 Trader Martin Nikolov

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