New appointments at the White House and Reserve Bank of Australia will drive markets in Asia

Trump's plans to appoint Larry Kudlow as chief economic advisor failed to boost Wall Street shares, but expectations for Asia are rather positive, as Kudlow and a strong supporter of free trade. Asian investors are most likely to reflect the news positively, weighing the possibility that Kudlow will be able to understand Trump and review the import tariffs he has adopted. This is also the back door left by the White House to negotiate with anyone who has proposed a better trade agreement.

At 01:50 we expect data on foreign investment in Japanese stocks and bonds. Expectations are downwards, but given the mixed sentiment of the stock market, we expect the JPY to keep its upward trend from the previous days.

Reserve Bank of Australia will publish the report of the last meeting of central bankers at 2:00. Investors expect to get a clear picture of the mood among the bank's members. Analysts' expectations are that the tone remains neutral.

At 02:30 again from Australia, we expect new cars sales data.

Jr Trader Petar Milanov

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