Asian markets take profit despite strong US data
FXstreet.com (Barcelona) - Yesterday's US session showed stronger than expected figures from Richmond Fed manufacturing and Consumer Confidence, boosting sentiment everywhere. Asian markets decided it was time to take profit on recent movements as negotiations in Europe regarding the Greek debt are done.
Japan's Nikkei Stock Average (-1.22%), South Korea's Kospi (-0.65%), Mainland China's Shanghai Composite (-0.93%), Hong Kong's Hang Seng (-0.93%) and Australia's S&P/ASX 200 (-0.21%) all fell on Wednesday as now investors look ahead and find an uncertain scenario by year end. The "fiscal cliff" is still a threat and US politicians are far from coming up with a solution.
Futures for the German DAX 30 (-0.28%) and the French CAC 40 (-0.22%) are signaling a lower opening ahead of the European session and EMU money supply and the German CPI report.
Japan's Nikkei Stock Average (-1.22%), South Korea's Kospi (-0.65%), Mainland China's Shanghai Composite (-0.93%), Hong Kong's Hang Seng (-0.93%) and Australia's S&P/ASX 200 (-0.21%) all fell on Wednesday as now investors look ahead and find an uncertain scenario by year end. The "fiscal cliff" is still a threat and US politicians are far from coming up with a solution.
Futures for the German DAX 30 (-0.28%) and the French CAC 40 (-0.22%) are signaling a lower opening ahead of the European session and EMU money supply and the German CPI report.
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