Asian Markets Are Stable on October 5, Decreased Risk Appetite
8:30 AM EST – US initial jobless claims
8:30 AM EST – US trade balance (August)
9:10 AM EST – US FOMC member Powell speaks
9:15 AM EST – US FOMC member Williams speaks
10:00 AM EST – US factory orders (August)
10:00 AM EST – US FOMC member Harker speaks
12:00 PM EST – BoE Monetary Policy Committee member McCafferty speaks
1:30 PM EST – BoE Monetary Policy Committee member Haldane speaks
4:30 PM EST – US FOMC member George speaks
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China’s markets are closed this week for the “National Day” holiday. The markets will resume trade on Monday, October 9.
After a brief pullback last week, Hong Kong’s Hang Seng Index regained strength this week. The Hang Seng Index moved higher this week amid the strong global economic sentiment. The rally in major US indices to fresh all-time high price levels this week also supported the Hang Seng Index. On Thursday, Hong Kong’s markets are closed for “Day after Mid-Autumn Festival.” The Hang Seng Index closed at 28,379.18 on Wednesday—a gain of 0.73%. On October 4, the iShares MSCI Hong Kong Index (EWH) rose 0.16% and closed at 24.93.
Japan’s Nikkei Index started this week stronger after rising for three consecutive trading weeks. The market rose to two-year high price levels on Wednesday but opened today on a mixed note. The decreased risk appetite ahead of US economic releases on Thursday along with weakness in insurance stocks caused the index to close flat.
On October 5, the Nikkei Index rose 0.01% and closed the day at 20,628.56. The iShares MSCI Japan (EWJ) rose 0.02% on October 4.
In the next part, we’ll see how European markets performed in the morning session on October 5, 2017.