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It’s quiet… too quiet.
After a day of underwhelming trading in the US, market movements in Asia are shaping up to be rather muted on Thursday. On Wall Street the S&P 500 closed Wednesday up just 0.1 per cent while in London the FTSE 100 ended Wednesday only marginally higher.
That lack of oomph is being felt on the other side of the Pacific, as Australia’s S&P/ASX 200 index has opened trading in Sydney virtually flat. Futures tip Tokyo’s Topix index to open down 0.1 per cent and Hong Kong’s Hang Seng index is expected to start the day 0.3 per cent lower.
Will this relative calm be interrupted by a sudden tweet by a certain world leader residing at 1600 Pennsylvania Avenue? Time will tell.
Corporate earnings reports out on Thursday include Yamaha Motor (14.00) and Nissan Motor (15.30).
The economic calendar is taking it particularly easy (all times Hong Kong):
- 07.50: Japan machine orders (Dec)
- 13.00: India local car sales
- 16.00: Philippines interest rates decision