It is set to be a busy week, with Barack Obama still in Europe and monetary policy meetings at both the US Federal Reserve and the Bank of Japan.

The US president will meet European leaders from the UK, France, Germany and Italy on Monday, with discussions over the situation in Syria expected to be a top priority.

However the most eagerly-anticipated events this week will be announcements from the Fed and the BoJ, especially in the case of the latter, with speculation growing that it could take action on Thursday.

At lunchtime the Hang Seng and the Nikkei were down 0.6 per cent. The Shanghai Composite was down 0.8 per cent and the Shenzhen Composite was down 0.9 per cent. The Australian market is closed for the Anzac Day public holiday

The calendar is exceptionally quiet, with no major earnings scheduled (all times CET):

Economy:

  • 09:30 Sweden unemployment rate
  • 10:00 Germany IFO business survey

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