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Five things to know at the start the Asian session
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Loading...The meeting between Trump and Xi Jinping
Leaders of the two largest economies in the world, the United States and China met in Florida yesterday and discussed the geopolitical risks and trade relations between the two countries. Investors will keep a close eye to big Chinese companies, along with Mexican peso for any kind of protectionist rhetoric from Trump during the meeting, which will continue tomorrow.
Positive sentiment of the US market
US stocks closed in green territory on Thursday, as shares in the financial sector registered another increase. Oil rose to $51.70(WTI), and with it the Energy companies recorded increase, which further contributed to the growth of the indices. The dollar remained the best performing currency among those of G10.
Important data from Japan at 3:00
Today we expect important data on wages in Japan that could move the market in 3:00. Expectations are for no change in the data, but any change, we can expect some movement in the Japanese yen.
Futures have increased
Futures on the index rose, with the Nikkei 225 and S&P/ASX 200 are in positive territory. The yen move without a big change from the dollar.
Large banks remain unaffected by the plans of Trump
Wall Street does not buy financial stocks because Trump plans to split investment and commercial banks. Experts estimate that this change will not be able to pass successfully through the vote in Congress.
source: Bloomberg
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