Free Trial

Mostly Lower, China Bucks Trend

EQUITIES

Most markets in the red in Asia on Thursday, sliding after a negative lead from the US in the wake of a hawkish FOMC. Markets in China buck the regional trend, posting gains after four straight days of decline, data yesterday showed activity slowed in May which buoyed investors hopes that the PBOC will refrain from tightening policy in the near term. Markets in Japan lead the way lower with tech shares selling off. In Australia the ASX200 is flat, recovering from opening losses after strong labour market data. Futures lower in the US, tech shares enduring the worst of the selling with the Nasdaq the laggard among its peers.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.