Stocks in the Asian region were seen trading slightly lower on Tuesday after the US and UK markets were closed for public holidays.
The Japanese benchmark Nikkei 225 index rallied 0.82% to 14,722.17 points at the time of writing, while Tokyo’s Topix index edged 0.69% higher at 1,202.91 points. The nation’s yen weakened against the US dollar, trading at 101.9 yen.
Stocks in the financial sector were seen trading higher, with Daiwa Securities Group and Sumitomo Mitsui Financial Group each rising by 2%.
Hong Kong’s Hang Seng index slid 0.23%, trading at 22,909.77 points, while the mainland Chinese benchmark Shanghai Composite lost 0.13% to 2,038.74 points.
The South Korean Kospi index fell 0.18% lower to 2,006.71 points at the time of writing, while in Singapore; the Straits Times Index edged 0.2% lower at the same time.
Australia
In Sydney, the nation’s benchmark S&P/ASX 200 index came in 0.11% lower, trading at 5,506.70 points at the time of writing.
Rio Tinto gained 0.5%, while the iron ore company Fortescue Metals climbed 1.5% on the ASX200.
Stocks – Europe
Stocks in Europe were seen trading little mixed on Tuesday as speeches from the ECB forum and the Ukraine crises remain in focus.
The European Euro Stoxx 50 dropped 0.19% lower to trade at 3,234.32 and the German DAX slid 0.06% lower to 9,887.41 at the time of writing. At the same time the French CAC 40 lost 0.21% to 4,517.32, while UK’s benchmark FTSE 100 climbed 0.43% to 6,845.27.
ECB Forum
The European Central Bank President Mario Draghi is expected to give a speech on Central Banking later in the day, as the ECB Forum continues in Portugal on Tuesday. The market will be focusing on the speech for further hints on what the bank intends to do at its next meeting scheduled for June 5.
In the previous session which began on Monday, the ECB President Mario Draghi commented on the euro exchange rate contributing to the low inflation in the eurozone.
Leaders from the European Union are expected to meet in Brussels later in the day to discuss the EU election results and the appointment of a new European Commission President.
Ukraine
On Monday, the confectionery tycoon billionaire,Petro Poroshenko was officially announced as the winner of Ukraine’s presidential election held over the weekend.
However, the ongoing violence in the country resumed as armed separatists seized the airport on Monday, which may be an attempt to stop the newly elected president Poroshenko from travelling to the region after he said he would visit the eastern region of the country.
Visitwww.hymarkets.com to find out more about our products and start trading today with only $50 using the latest trading technology today.
Stocks – Asia
Stocks in the Asian region were seen trading slightly lower on Tuesday after the US and UK markets were closed for public holidays.
The Japanese benchmark Nikkei 225 index rallied 0.82% to 14,722.17 points at the time of writing, while Tokyo’s Topix index edged 0.69% higher at 1,202.91 points. The nation’s yen weakened against the US dollar, trading at 101.9 yen.
Stocks in the financial sector were seen trading higher, with Daiwa Securities Group and Sumitomo Mitsui Financial Group each rising by 2%.
Hong Kong’s Hang Seng index slid 0.23%, trading at 22,909.77 points, while the mainland Chinese benchmark Shanghai Composite lost 0.13% to 2,038.74 points.
The South Korean Kospi index fell 0.18% lower to 2,006.71 points at the time of writing, while in Singapore; the Straits Times Index edged 0.2% lower at the same time.
Australia
In Sydney, the nation’s benchmark S&P/ASX 200 index came in 0.11% lower, trading at 5,506.70 points at the time of writing.
Rio Tinto gained 0.5%, while the iron ore company Fortescue Metals climbed 1.5% on the ASX200.
Stocks – Europe
Stocks in Europe were seen trading little mixed on Tuesday as speeches from the ECB forum and the Ukraine crises remain in focus.
The European Euro Stoxx 50 dropped 0.19% lower to trade at 3,234.32 and the German DAX slid 0.06% lower to 9,887.41 at the time of writing. At the same time the French CAC 40 lost 0.21% to 4,517.32, while UK’s benchmark FTSE 100 climbed 0.43% to 6,845.27.
ECB Forum
The European Central Bank President Mario Draghi is expected to give a speech on Central Banking later in the day, as the ECB Forum continues in Portugal on Tuesday. The market will be focusing on the speech for further hints on what the bank intends to do at its next meeting scheduled for June 5.
In the previous session which began on Monday, the ECB President Mario Draghi commented on the euro exchange rate contributing to the low inflation in the eurozone.
Leaders from the European Union are expected to meet in Brussels later in the day to discuss the EU election results and the appointment of a new European Commission President.
Ukraine
On Monday, the confectionery tycoon billionaire,Petro Poroshenko was officially announced as the winner of Ukraine’s presidential election held over the weekend.
However, the ongoing violence in the country resumed as armed separatists seized the airport on Monday, which may be an attempt to stop the newly elected president Poroshenko from travelling to the region after he said he would visit the eastern region of the country.
Visit www.hymarkets.com to find out more about our products and start trading today with only $50 using the latest trading technology today.
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