Asian markets are expected to open on mixed territory, following European and US markets decline.
Australian ASX200 in expected to open 30 points lower at 5403, and Japanese Nikkei 225 48 points lower at 16872 as Chicago last close at 16910.
European and US markets declines will have negative impact over the Asian-Pacific stocks. Another prerequisite for cautious trade is the upcoming data for NFP from USA at Friday.
Oil prices decrease is also negative for the stock market. At the moment black gold is traded at 44,86$ for a barrel.
Weakening by the yen is positive for the major Japanese exporters which helps Nikkei climb in a row. At the moment the USD/JPY pair is traded at 103,30$.
Tonight we expect a lot of economic data as the focus will be mainly over retail sales from Australia at 4:30. Better than expected values are positive for ASX200 and Australian dollar.
Another important release will be the data from China about Manufacturing PMI and Non Factorizing PMI at 4:00. Better than expected data is positive for the indexes and AUD. On the other hand lower reading will be negative.
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