Asian markets are expected to open lower today 15.08.2016

Asian markets are expected to open lower.

Australian ASX200 is expected to open 4 points lower at 5526 and the Japanese Nikkei225 78 points lower at 16 842.

After data on retail sales from the US, which were below expectations the yen rose again, which is negative for major Japanese exporters, resulting in a decrease in the index Nikkei225.

In Australia we can expect a drop in shares of Rio Tinto and BHP Billiton, as recent figures show record levels of reserves of iron ore in China. Additional prerequisite is data on Friday for the industrial production of China, which were below expectations. The latest rumors about the sale of 30 annual iron ore futures by Vale are a prerequisite for short-term decline in the price of iron ore, the Australian dollar and Australian shares.

Today at 02:50 we will concentrate on data from Japan's preliminary GDP. Expectations are for lower values ​​of the foregoing, as the data below expectations are negative for the yen and Japanese stocks.

Later, during the Asian session we will monitor data back from Japan industrial production at 07:30.

Investors will keep a close eye and the price of oil after the black gold climbed back to $ 44.65 a barrel last week after speculation about the willingness of Saudi Arabia to stabilize the market. Expectations are high and to the OPEC meeting in September to curb production.

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