Asian shares seen mixed ahead of data deluge

08.05.2015 / 02:24

Rating:

Asian shares appear set for a mixed start to the final trading day of the week as investors weighed a positive lead from Wall Street while awaiting key central bank releases.

In Asia, the Reserve Bank of Australia (RBA) is set to release its quarterly monetary policy statement, which analysts expect will show a cut in the central bank's growth forecasts. This statement comes on the back of a 25-basis-point rate cut on Tuesday.

Attention will also turn to the closely-watched U.S. nonfarm payrolls data due later in the day, which will shed some light on the state of the U.S. recovery and its capacity to withstand rate increases. A Reuters poll expects the U.S. to add 208,000 jobs in April, after posting its worst report since December 2013 in March with the creation of 126,000 jobs.

Meanwhile, minutes from the Bank of Japan's previous meeting will be out at 0750 SIN/HK and China is scheduled to put out April trade data later in the day.

Varchev Traders

RECCOMEND WAS THIS POST USEFUL FOR YOU?
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.

WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.

Varchev Finance

Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.

Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006

The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

Disclaimer:

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Asian shares seen mixed ahead of data deluge

London

Universal numbers