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Asian equities are fragile as Trump turmoil and Korea tensions add pressure
On Monday, Asian equities were fragile because market participants remained quite unconvinced regarding Donald Trump's ability to comply with his economic agenda, even notwithstanding the recent departure of his controversial policy strategist drove hopes of some progress.
In Japan, Nikkei lost 0.3% reaching a 3-1/2-month minimum, shrugging off a Reuters survey that showed in August confidence at Japanese manufacturers got to its highest value in a decade.
MSCI's broadest index of Asia-Pacific equities outside Japan stood in the black due to moderate revenues in China, though many financial markets, including South Korea and Australia, found themselves in the red.
European equities are expected to go down, with spread-betters facing a lower start of 0.3% in the British benchmark FTSE, and also 0.2% in France's CAC.
S&P Mini futures decreased 0.1% being worth 2,424, which is not far from their one-month minimum of 2,419.5 hit on Friday.
The market has started the week with a mixed sentiment…
The US NFP will be published on August 7 at 15:30 MT time.
The market sentiment is indeed risk-on today. Stocks, riskier currencies and gold are rising amid the waning US dollar.