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Asian Markets to open lower

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Asian markets to open lower after American markets closed in negative territory on Friday.

Asian markets to follow Wallstreet lower.The JPY currency is the strongest again and the markets turned to Risk Off sentiment. The American Futures on the indices opened unchaned.

It is expected that the Asian markets will be lower. Nasdaq was the leader of the US markets after Apple's price was down to $95 per share. Dow closed down on Friday with -0.32% and this is the first lower close after two months. The lastest data from the USA were weaker than expected.

The price of Oil is traded above $46 per barrel, after it moved higher again for the last two days. Gold price is at $1393 supported by the weak dollar and the higher prices of the commodities overall. The JPY continuous to be the strongest currency after the rate decision of the BOJ. The Central Banks continue to look for ways to stimulate their economies and to devalue their currencies.

The rise of the Yen can change the investor sentiment from 'Risk on to Risk off. and this will cause the indices to fall and allow the dollar to gain traction but this is still not a fact.

Australian SPI futures lower 0,1% to 5,225, Osaka futures lower by 1,03% to 16,330

 


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