Mettis Global News
Mettis Global News
Mettis Global News
Mettis Global News

CPI Preview: Inflation to fall below 14% YoY in May

Asian Market await Thursdays events – ECB Reviews, UK Elections and Comey testimony in Senate

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Asian markets closed mixed on Wednesday as markets await the triad of events expected to occur on Thursday. U.K. election, a European Central bank review and former FBI Director James Comey's testimony to the Senate have investors on the edges of their seats.

In the UK, Theresa May’s Conservative Party is expected to win majority on Thursday’s election. Preliminary polls projected May’s government could win a majority on Thursday, whereas another poll conducted in May projected that Theresa May could lose their parliamentary majority.

In addition to that, European Central Bank will review its monetary policy tomorrow (Thursday).

In the American continent, ex FBI director James Comey is expected to testify before Senate Intelligence Committee regarding claims whether US President Donald Trump tried to intervene in the Agency’s probe into Michael Flynn.

The Nikkei 225 closed the session up by 0.02 percent or 4.72 points at 19,984.62. South Korea's Kospi re-opened after a public holiday to trade lower by 0.36 percent or 8.48 points, finishing the session at 2,360.14.

The S&P/ASX 200 reversed earlier gains to finish flat at 5,667.2.

Markets in greater China were mixed, with Hong Kong's Hang Seng Index trading 0.17 percent down. The Shanghai Composite surged 1.24 percent or 38.4025 points to close at 3,140.5285 and the Shenzhen Composite rose 2.194 percent or 39.7315 points to end at 1,850.5331.

Posted on: 2017-06-07T13:17:00+05:00