To the Asian bags closed mostly higher this Tuesday (23), following reports that China is preparing a large package to help its stock markets, which have accumulated heavy losses in recent trading sessions. The exception was the Tokyo stock index, which fell marginally after the Bank of Japan (BoJ) once again left its monetary policy unchanged.
This scenario could influence the negotiations of Ibovespa today. The day before the index had closed down 0.81%, at 126,601.55 points.
Second BloombergChinese authorities plan to mobilize around 2 trillion yuan ($278 billion), mostly from the overseas accounts of Chinese state-owned enterprises, to buy shares in the domestic market through an alliance with Hong Kong Stock Exchange. Another 300 billion yuan of local resources would also be used to invest in stocks.
Top earnings in Asia, the Hang Seng jumped 2.6% today in Hong Kong to 15,353.98 points, while in mainland China, the Shanghai Complex it increased by 0.53%, to 2,770.98 points, and is the least complete Shenzhen complex it advanced by 0.95%, to 1,626.60 points.
In Tokyo, the Nikkei recorded a slight decline of 0.08%, to 36,517.57 points, a day after renewing its high in almost 34 years and after the BoJ leave yours monetary policy intact.
Subsequently, however, the President of the BoJKazuo Ueda said at a news conference that the institution will consider halting monetary easing if it reaches its inflation target sustainably, a comment that led the yen to reverse earlier losses against the dollar.
Elsewhere in the Asian region, South Korea Kospi rose 0.58% in Seoul, to 2,478.61 points, and the Taiex showed a modest 0.33% gain in Taiwan, to 17,874.59 points.
In Oceania, the Australian stock market remained in the black for the third consecutive session, thanks also to the stocks of banks and mining companies, which represent over 50% of the local market. OR S&P/ASX200 it advanced 0.51% in Sydney, to 7,514.90 points.
Europe retreats while waiting for the ECB
To the European scholarships trading at a modest low this Tuesday morning, reversing opening gains, in a trading session with no clear direction as the focus continues to be on the monetary policy decision of the European Central Bank (ECB), which will only be known in two days.
Check the performance of European market around 7.50am:
London (FTSE100): -0.22% to 7,471 points
Frankfurt (DAX): -0.16% to 16,656 points
Paris (CAC 40): -0.29% to 7,391 points
Madrid (Ibex 35): -0.89% to 9,879 points
Europe (Stoxx 50): -0.38% to 4,463 points
Investors continue to await the finalization of the agreement ECB interest, Thursday (25th). The forecast is that the headline rates of Eurozone interest rates will remain unchanged for the third consecutive time. Last week, ECB officials signaled that a possible interest rate cut will be discussed starting in the European summer, which begins in mid-June.
Today the European agenda includes only a preliminary survey on consumer confidence in the euro area, which according to the FactSet consensus should record a slight improvement. US earnings season is also on the radar.
*With information provided by Dow Jones Newswires and Estadão Conteúdo
Source: Terra
Rose James is a Gossipify movie and series reviewer known for her in-depth analysis and unique perspective on the latest releases. With a background in film studies, she provides engaging and informative reviews, and keeps readers up to date with industry trends and emerging talents.
