It has been a somewhat mixed session for Asian stock markets today, with Japanese markets the standout decliners.
A weaker yen, down 0.3 per cent, has done the Topix few favours today, with the broad index sitting 0.6 per cent lower in afternoon trade, with sizeable falls for the likes of Toyota Motor and Toshiba.
Australia’s S&P/ASX 200 is up 0.2 per cent. BHP Billiton shares ended 1.2 per cent lower after the miner said it would halt production at its Escondida copper mine in Chile, however the impending supply shortage propped up copper prices and the relevant miners of the metal.
Hong Kong’s Hang Seng was up 0.3 per cent, as was China’s Shanghai Composite.
Futures tip London’s FTSE 100 and also the S&P 500 to both open fractionally higher today.
It is a busy day on the earnings calendar. European companies slated to report this morning include: Zurich, Commerzbank, Publicis, Société Générale, Unicredit, Puma, Pernod Ricard, Christian Dior and L’Oreal.
In the UK, earnings are due from: Tate & Lyle, Henderson Group, Thomas Cook, Ashmore, Smith & Nephew and Manchester United, while EasyJet holds its AGM.
Here is today’s economic calendar (London times):
- 07.00: German trade
- 07.00: Norway GDP
- 10.00: Greek unemployment
- 10.00: Liam Fox in House of Commons
- 11.30: UK PM Theresa May meets Italian PM Paolo Gentiloni in London
- 13.00: Russian forex reserves