Back

Asian markets ease on Tuesday, Nikkei slips on FinMin

Japan's Finance Minister Aso and Prime Minister Abe don't share the same view on how to approach monetary policy and that was noticed after Aso rejecting foreign bond purchases as part of monetary expansion drive. Nikkei Stock Average fell -0.31%. Many other Asian equity indexes registered the same path: China's Shanghai Composite dropped -1.60% and Hong Kong's Hang Seng lost -0.73%. However, South Korea's Kospi closed higher by +0.20%.

Futures for the German DAX 30 (-0.16%) and the French CAC 40 (-0.12%) are signaling a lower opening ahead of EMU construction output, followed by German and EMU ZEW survey.

Forex: GBP/USD in session highs around 1.5485/90

The sterling keeps the bearish tone on Tuesday, unable to gather any traction that push the cross above the key resistance at 1.5500 so far, as the sedative effects of last week’s quarterly inflation...
Read more Previous

Forex: USD/JPY down as investors price in Japan leaders' comments

Lack of a shared opinion in the government on how to approach monetary policy is taking its effect on the Japanese Yen, as it strengthens after Japan's Finance Minister Aso being against foreign bond purchases, unlike PM Abe.
Read more Next