FXstreet.com (Barcelona) - Markets have been pricing out some of the expectations regarding Fed’s stimulus ahead of Fed’s Bernanke speech at Jackson Hole among central bankers from all around the world. Asian bourses weakened today again ahead of today’s speech as well, also due to concerns of softer growth as the price of iron ore is already down by 20% in August. China is the main importer of such commodity.
Japan’s Nikkei Stock Average dived -1.63% to 8,839.91, while South Korea’s Kospi dropped -0.07% to 1,905.12. The Chinese Shanghai Composite shed -0.17% to 2,049.04 and Hong Kong’s Hang Seng fell -0.39% to 19,476.16.
Futures for the German DAX 30 and the French CAC 40 are signaling a lower opening by -0.11% and -0.05%, respectively, ahead of the European session and EMU’s CPI inflation report in August. Retail Sales in Germany weakened against expectations by -0.9% on the month of July to an annualized turn from +3.7% to -1.0%. WTI crude oil is up by 0.05% at 96.65 and Gold moves at 1656, also +0.05%.
Japan’s Nikkei Stock Average dived -1.63% to 8,839.91, while South Korea’s Kospi dropped -0.07% to 1,905.12. The Chinese Shanghai Composite shed -0.17% to 2,049.04 and Hong Kong’s Hang Seng fell -0.39% to 19,476.16.
Futures for the German DAX 30 and the French CAC 40 are signaling a lower opening by -0.11% and -0.05%, respectively, ahead of the European session and EMU’s CPI inflation report in August. Retail Sales in Germany weakened against expectations by -0.9% on the month of July to an annualized turn from +3.7% to -1.0%. WTI crude oil is up by 0.05% at 96.65 and Gold moves at 1656, also +0.05%.
