Negative sentiment for the Asian markets open

Asian markets are expected to open lower, following the US and European declines.

Japanese Nikkei225 is expected to open 130 points lower at 17104, and Australian ASX200 opened at 5222 and is traded 2 points lower, according to IG markets.

Despite the fact that FED left interest rates unchanged at the yesterday meeting, they signaled an increased likelihood for a rise in December, which is negative for the stock prices.

The upcoming US presidential election also creates fear and uncertainty, which will probably drag markets further in negative territory.

The Crude oil inventories data from USA yesterday was negative for the oil prices, which send the price for a barrel at 45,70$. The decline in black gold prices is also negative for the fund markets.

VIX index went also higher and is a little below the psychological level 20, which brings more negative sentiment for the stocks.

Today we expect data from China about the Caixin Service PMI, as negative data will probably lead to further indexes declines and data above expectations can support a little the price of stocks and indexes.