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Equity markets in the Asia-Pacific region posted mixed performances after a pullback to Wall Street, while the Australian dollar retreated, also indicating that the country's central bank was considering lowering rates.
Attention was already focused on China's economic growth figures for the first quarter, which are expected to be released on Wednesday. Economists polled by Reuters are forecasting an annualized 6.3% increase in gross domestic product, with data being closely watched by signs of improvement in the world's second-largest economy.
The Hang Seng index in Hong Kong rocked between gains and losses during the first hour of trading and the CSI 300 index in China was equally variable. In Japan, Topix lost 0.1%, while the S & P / ASX 200 in Australia gained 0.5%, thanks to the activities of miners and financial stocks.
During the night on Wall Street, the S & P 500 index ended down 0.1% as investors digested the drop in Goldman Sachs' profits and the drop in oil prices.
In currencies, the Australian dollar weakened after the Reserve Bank of Australia declared that if inflation did not rise and unemployment did not rise, a reduction in the rate of inflation was expected. interest "would probably be appropriate". The currency fell 0.5% against the dollar, reaching a low of $ 0.7137, following the publication of the April minutes of the RBA.
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- Turkey industrial production
- UK labor market figures
- Germany ZEW economic sentiment
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Markets Briefing is an overview of global markets, updated throughout the trading day by Financial Times journalists in Hong Kong, New York and London. Return of information? Write in the comments below or send us an email.
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