Asian markets will open without clear direction

Asian markets will open without clear direction , following the decreases in Europe and USA.

Nikkei 225 is expected to open at 16604 which is decrease with 119 points, while Australian ASX 200 will open with 8 point up at price 5458.

The declining oil price will affect market negatively.

The situation in Turkey , after the failed coup attempt , is still unclear , which is additional reason for caution from investors side.
Most likely we will observe caution trading with minor decreases , considering that in Thursday is the meeting of ECB and head of the bank M.Draghi will speak.

Tonight , the economic calendar is poor of data. The only data will be at 3:30 from Australia - MI Leading index. Leading Index is a composite index based on nine economic indicators, which is designed to predict the direction of the economy.The data is compiled from economic indicators related to consumer confidence, housing, stock market prices, money supply, and interest rate spreads. The report tends to have a muted impact because most of the indicators used in the calculation are released previously.

Read more:

• Economic calendar for the European and American trade sessions 17.05.2018
• Australia – Unemployment rate above expectations 5.6% vs 5.5%
• CAD is the only currency in G-10 with positive quarter against USD
• UK – Halifax house prices below expectations -3.1% vs -0.2%
• Economic calendar for the European and American trade sessions 07.05.2018