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A high-level departure? From Fox News?

The shock is, of course, palpable.

Rupert Murdoch’s 21st Century Fox has parted company with Bill Shine, the co-president of Fox News Channel, who became the latest figure to leave the network since it was rocked by a damaging sexual harassment scandal.

It is unclear whether Mr Shine’s departure will be welcomed by Fox News’ on-air talent. Four days ago Sean Hannity, who presents a prime time show on the network, tweeted that somebody within Fox News was “trying to get an innocent person fired.” He added that if Mr Shine were to leave “that’s the total end” of Fox News “as we know it”.

Wall Street, meanwhile, has brushed aside a report that Donald Trump is considering breaking up the biggest US banks, with the Nasdaq notching a sixth consecutive record closing high and the S&P 500 closing up 0.2 per cent near its record close of March 1.

In Asia Pacific equities, Futures tip Sydney’s S&P/ASX 200 index to rise 0.2 per cent at the open, while in Tokyo the Topix is set to climb 0.3 per cent and Hong Kong’s Hang Seng is expected to dip 0.1 per cent when trading begins.

Corporate earnings reports out today include DBS, ANZ Bank, Itochu, Olympus and Joyful Honda.

The economic calendar for Tuesday is an opportunity for reflection (all times Hong Kong):

  • 07.00: South Korea consumer price index
  • 07.50: Bank of Japan March meeting minutes released
  • 08.30: Japan Nikkei services and composite PMIs
  • 08.30: South Korea, Taiwan, Indonesia, Philippines, Thailand and Malaysia Nikkei manufacturing PMIs
  • 09.45: China Caixin manufacturing PMI
  • 12.30: Reserve Bank of Australia interest rate decision
  • 13.00: India Nikkei manufacturing PMI
  • 21.00: Singapore PMI
  • Indonesia’s consumer price index is also expected out today.

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