Asian markets are expected to open lower, after sell offs and lower closes in USA and Europe.
Japanese Nikkei 225 is expected to open 236 points lower at 17208, and Australian ASX200 50 points lower at 5240, according to IG markets.
The upcoming US presidential election makes investors cautious and leads to a little sell offs. Another reason for caution on the markets is the upcoming FED meeting tomorrow and the NFP data on Friday.
Last oil prices decline gives additional pressure over the stocks markets, after the oil production deal seems impossible to happen. At the moment oil is traded at 46,43$ a barrel.
The negative sentiment gives yen a chance to surge. The JPY appreciation is negative mosly for the major Japan exporters, where we can expect further declines.
Data about Employment change from New Zealand came higher than expected, which led to NZD increase against all cross currencies. During the Asian session we will follow the Buildings approvals from Australia at 2:30 and Inflation Expectations from New Zealand, so we can expect movements by AUD and NZD.
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