Fast Asia Open: China inflation data, S Korea unemployment

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It’s not every day the director of the FBI gets unceremoniously canned.

President Donald Trump has fired James Comey as director of the Federal Bureau of Investigation, according to the White House.

A statement from White House press secretary Sean Spicer said Mr Trump informed Mr Comey on Tuesday that he had been “terminated and removed from office”. The president acted on the recommendations of both deputy attorney general Rod Rosenstein and attorney general Jeff Sessions, the statement added.

Word of the firing broke after the S&P 500 closed down 0.1 per cent for the day after hitting a new intraday high of 2,403.9 on Wall Street. Government bonds were down, and the Vix index remained near a 23-year low as recent geopolitical tensions receded, while the dollar firmed and oil prices relapsed.

In Asia Pacific equities, futures tip the S&P/ASX 200 to climb 0.3 per cent at the open, while the Topix is expected to rise 0.2 per cent in Tokyo, and Hong Kong’s Hang Seng is set to climb 0.5 per cent when trading begins.

Corporate earnings reports out today include Toyota Motor, SoftBank Group, Japan Tobacco, CSR, Takeda Pharmaceutical, Hong Kong Exchanges & Clearing, Daikin Industries, Mitsubishi Estate, NTT Data and Bandai Namco.

The economic calendar for Wednesday has seen it all before (all times Hong Kong):

  • 07.00: South Korea unemployment rate
  • 07.50: Bank of Japan releases notes on April 26-27 meeting
  • 09.30: China consumer and producer inflation
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