Following the Wall Street record, a positive start for the Asian markets

01.11.2017 / 02:19

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Shares in Asia are set to start the new month on a positive territory as investors reflect the declining JPY and expectations for the new Fed chairman. In support of the indices are also the data on unemployment in New Zealand, which managed to exceed the expectations of the market participants.

Japan's Nikkei 225, Hong Kong, and ASX 200 futures are rising in the early hours as a major driver of the growth in Asia will be the positivism gained during the US session. The SP500 was able to record its strongest month in February after US consumer confidence grew. On the other hand, at 3:45 pm, we expect China's production PMI data, which will have a direct impact on both Asian indices, AUD and NZD, as well as on industrial metals such as copper and aluminum.

Source: Bloomberg Pro Terminal

Jr Trader Petar Milanov

Varchev Traders

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Following the Wall Street record, a positive start for the Asian markets

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