Asian markets are expected to start the week ion negative territory. Worse than expected data about Non farm payrolls from the USA on Friday downgraded the probability for Fed to raise rates in June to 2% and to 27% in July. This prompted investors to seek safe havens in gold and the yen.
OPEC meeting also ended without an agreement, which creates prerequisites for declines in oil prices. This will lead to a good likelihood for declines in the indexes.
Declines from late US session on Friday are expected to be transferred to Asian markets today.
The strong yen will have a negative impact on the Japanese Nikkei 225 index, towed by declines in major exporters.
Read more:
25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256
World Financial Markets - 0700 17 600 Varchev Exchange - 0700 115 44
Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.
Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006
The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Disclaimer:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.