By Chris Becker
The poor start to the trading week here in Asia yesterday afternoon translated into more trips and falls on both sides of the Atlantic overnight as the fallout from Trump’s potential shutdown and the Facebook selloff overshadowed continued good earnings. A solid CPI print in Germany saw a reversal in Euro’s fortunes with the USD also weakening against the other majors.
Today’s BOJ meeting and the latest Chinese PMI prints will weigh on the market locally if not up to expectations as confidence remains on an edge.