Asian Equities Down Even as Wall Street Enjoys a Strong Earnings Season - Forex News by FX Leaders

Asian Equities Down Even as Wall Street Enjoys a Strong Earnings Season

Posted Wednesday, April 24, 2019 by
Arslan Butt • 1 min read

Wall Street may be reporting a strong earnings season of late, but equities in Asia fell today over concerns that China may slow down its fiscal and monetary stimulus measures as its economy shows signs of improvement.

China’s central bank PBOC could pause any moves to ease lenders’ reserve needs to perform an assessment of current economic conditions. This move was prompted by better than expected Caixin Services PMI and quarterly GDP figures releasing a few days ago.

At the end of today’s trading session, Japan’s NIKKEI225 was down 0.3%.

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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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