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Trump has again caused sales in Asia, what's next for Europe

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Donald Trump once again moved the markets in Asia, which largely reflected his statement that "It is too early for negotiations with China." During the Asian session, there were no other important economic news that could have a direct impact on European markets.

Here are the main movements during the Asian session

Asian markets

In Japan, Nikkei traded around Break Even, while Topix picked up to + 0.24%. Kospi in South Korea traded 0.61% lower, and ASX in Australia was 0.72% lower than yesterday. After the national holiday in Hong Kong, Hang Seng began trading with a fall and reached -1.55% lower.

Markets in China remained closed due to the official holiday in the country.

The FX market remained relatively calm and, in anticipation, the RBA's decision on the basic interest rate. Despite sales of Asian stock markets, the JPY traded slightly down from 0.04%.

Impressions on European markets - Common moods are heavily negative, so cash flows will be directed to the sale of European shares, which will lead to a fall in European indices already on the interbank market. With the launch of the interbank market at 09:00, I expect to see JPY support and a fall in futures, on major stock indices in Europe.


 Trader Petar Milanov

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