Spreadex Market Update

Majority of Asian stocks trade negatively 



The majority of Asian stocks continued to trade in negative territory overnight, with Japan’s Topix Index snapping the longest weekly winning streak in 40 years. Japanese shares extended losses after news that the leading candidate to head the Bank of Japan is expected to take dramatic steps to reflate Japan’s economy.

Uncertainty in Europe continues to play on investors’ minds, dampening sentiment in markets. European stock futures are indicating a flat open as investors keep a close eye on the G20 meeting in Moscow.

Meanwhile Rio Tinto declined 2.7% in Sydney after the miner reported its biggest loss in at least 15 years. UK Retail Sales data at 9:30 is expected to show a 0.6% increase in consumer spending since the previous month.

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