Asian Markets to open slightly lower

19.05.2016 / 02:26

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The Asian markets to open slightly lower, after the fall of the indices during the US session. The last meeting minutes from the FOMC were more hawkish than the investors were expected, indicating a rate raise was on the table for June or July this year, if the data from the Economy continue to come out better than expected as it has been for the last month. The increases to be at least two, as it is likely the first to be in June.

The indices are down for the 3rd day in a row and this can continue until Friday, when we can see some profit taking for the week. The price of Oil was again moving higher but as it reached levels of serious resistance stopped and failed to make a new high today. We might see lower Oil prices, parallel with lower price of stocks.

The futures of Australian ASX were unchanged prior to the Asian session, the Nikkei futures were slightly up by 0.18%.

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Asian Markets to open slightly lower

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