During today's Turkish central bank meeting, the market anticipated a rate cut between 200-300 pips.
Asian equities are mixed with Nikkei neglecting North Korea missile test
On Wednesday, Asian equities were quite mixed, with a shocking leap in Tokyo notwithstanding a missile launch by North Korea early in the morning, which rattled risk views.
Japan’s Nikkei 225 managed to grow 0.40% because defensive equities came into play and Australia’s S&P/ASX 200 rallied 0.63%.
Meanwhile, the Shanghai Composite headed south 0.55%, the Hang Seng index lost 0.33%.
The isolate North Korean regime claimed the successful test of its new Hwasong-15 ICBM. Pyongyang added that the new missile is capable of reaching all of the US mainland.
On Wednesday, Donald Trump responded to the latest North Korean missile test, telling that the US government will take care of it. However, he gave no details on what measures the White House might take to resolve the North Korean issue.
Overnight, key American indexes concluded at record maximums, with the Dow Jones industrial average edging up 1.09% to conclude at 23,836.71.
More tariffs were introduced
Yesterday, the US Justice Department announced a broad antitrust review ...
We've got some positive news for the British pound and we are awaiting the release of the core retail sales for Canada at 15:30 MT.
The tweet by Iran's foreign minister increased the possibility of tensions in the region. It pushed the oil prices up.
The European trading session will be highlighted by the events for the British pound. Traders will pay special attention to the BOE meeting at 14:00 MT.