Asian markets will open higher

18.04.2017 / 01:44

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Asian markets are expected to open higher, after the gains from the U.S. indices. Market's sentiment got better, because the tension around North Korea and the military actions got lower. The futures of the U.S. indices are trading with a slight decline.

Analysts predict that because of the higher dividends and lower prices of Japanese stocks at the moment, there will be growing interest from investors and the Topix index may rise. If that happens,JPY will probably decline. EUR/JPY reached a 5-month bottom around 114.850.

China's GDP was 6.9% which gives hope to investors, that the global economy will show growth this year.

If indices go up and the sentiment stays positive we can expect a weaker JPY, stronger AUD and NZD and a declining Gold.

We expect the report on the monetary policy of RBA at 03:30 (local time) and if the data is good, that can additionally support the AUD.

Nikkei will open on a higher ground around 18,462, and ASX 200 will be around 5,877.

Trader Senan Fuchedzhiev

Varchev Traders

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Asian markets will open higher

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