Asian markets are expected to open without clear direction, as investors will point their attention toward the China GDP and Industrial production data at 05:00.
Japanese Nikkei225 is expected to open little lower at 16920, and Australian ASX200 8 points higher at 5418, according to IG markets.
Uncertainty before the China data will create conditions for yen appreciation which is negative for the Japanese stocks and especially for the major exporters.
Stabilizing commodities prices and the surge in oil prices will support the Australian stock market.
We expect the China data to have big influence today, as better than expected data will be positive for the indexes and futures and also for NZD and AUD. On the other hand worse than expected numbers will be negative for those financial instruments and positive for JPY and gold.
On the currency market GBP signaling for end in the bullish impulse from today, which was provoked by speculation for a Parliament voting of the Brexit vote. GDP crosses are at appropriate levels to seek short position against the sterling.
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