Asia expected to trade lower

05.04.2016 / 03:25

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Asian session will open lower after the fall in the price of Oil and after the fall of the US indices. The futures point to lower trading of the markets.

Australian ASX 200 will open with no change, but it can start moving lower following the other indices. The futures of the Japan Nikkei index is lower by 0.20% at Chicago. The quick fall of the Oil price reflects negatively on the financial markets. The worries about the oil production continue as the Opec member countries can not meet and take decision to cut the oil production.

The rate decision of the Royal Bank of Australia also is influencing the markets and they are trading with caution. If rates are to be changed lower or more stimulus is expected, this will make for a stronger case that the economy is still weak and there are no significant changes in the fundamental factors for growth.

Important News that are expected:

03:00 Japan - Average Earnings

04:00 New Zealand - ANZ commodity prices

04:30 Australia - Export, Import prices and Trade Balance

07:30 Australia - Cash Rate

07:30 Australia - RBA Rate statement

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Asia expected to trade lower

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