Asia Markets Mixed Ahead of Crunch Central Bank Meetings
This week, central banks in the U.S., Europe, and Japan are slated to meet.
The index is expected to open lower at 19,340 compared with the HSI’s last closing of 19,389.95. The 13 stocks analysts are most negative about have been identified.
The 13 stocks analysts are most negative about have been identified.
There is more downside risk for stocks now (also known as: "Don't chase the equity rally," he said to CNBC. He explains the reason why.
Monday is the day for China's yuan loan and Japan's producer prices index. Tuesday is a holiday in South Korea, and Indonesia will release its retail sales figures for April. South Korea will release its import and export prices as well as its unemployment rate on Wednesday. China will report its foreign direct investments for the month May. Japan will release its balance of trade and machinery orders for April on the day that its central bank meeting begins. At 4:24 am. The rate of interest rose by nearly four basis points, to 3.7529%. The stock market reached a 52-week record high on Friday. The profits are expected to drop 6.4% compared to a year earlier during the period of April through June. FactSet predicted a drop of 4.8% for the third quarter on March 31. --Jeff Cox