The stock markets in the Asian region were trading mixed, despite the sell-offs in the last minutes of the US stock exchange session yesterday. Declines were caused by the rising tension between the US and Saudi Arabia.
Here are the main movements of the stock markets at the moment:
FX Market - China's CPI data was published during the Asian session, as expected, while in New Zealand inflation rose to 0.9% at an estimated 0.7%. This led to NZD support and, in part, kept the stock markets stable. On the other hand, following the Reserve Bank Of Australia report, AUD is expected to decline. Given the geopolitical situation and the desire of RBA to lower AUD, it is a good idea to focus on selling the Australian and buying CAD.
During the Asian session, there were no specific news on the important geopolitical issues, but rumors have arisen that Saudi Arabia is considering recognizing the murder of the Washington Post journalist in Turkey. As a result, we saw an increase in oil, which brought the energy sector to a positive territory, and at the same time news broke the banking sector.
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