The Asian Stock Markets fall on Thursday

The Asian stock markets fall on Thursday morning after the Federal Reserve on Wednesday breathed caution about the strength of the economic recovery.

According to the Federal Reserve, the recovery will take a long time with a need for interest rates close to zero until 2022.

The MSCI index for equities in Asia and the Pacific region excluding Japan .MIAPJ0000PUS is down 1.7 percent, while the Nikkei index .N225 is down 2.8 percent.

The Shanghai Stock Exchange .SSEC drops 0.6 percent and in Hong Kong the Hang Seng index backs 1.7 percent.

US stock indices developed mixed on Wednesday with continued gains on the Nasdaq Composite. Giants like Apple AAPL.O and Microsoft MSFT.O went strong.

The broad S&P 500 .SPX broad-based index fell 0.5 percent compared to a 0.4 percent decline when the Stockholm Stock Exchange closed. The Nasdaq Composite .IXIC advanced 0.7 percent (+0.5), while the Dow Jones industrial index .DJI fell 1.0 percent (-0.9).

The mini futures for the S&P 500 EScv1 fall 1.4 percent on Thursday morning.

The US 10-year US10YT = RR rate is noted at 0.71 percent, compared to 0.79 percent when the Swedish fixed income market closed.

The krona has weakened marginally against the dollar since 16.15. One euro EURSEK = traded at SEK 10.49 (10.49) and the dollar SEK = at SEK 9.25 (9.24).

The euro EUR = traded at $ 1.1340, compared to $ 1.1358 for a euro at 16.15.

Brent oil LCOc1 stands in the morning at $ 40.27, compared to $ 40.87 at 17.30 on Wednesday. At the same time, the gold price XAU = has risen to $ 1,728 (1,715).

Arjo ARJOb.ST expects a significantly higher profit than expected in the second quarter. Wirén from Wärtsilä takes over as new CFO at Nokia NOKIA.HE. lowers its recommendation on Alfa Laval ALFA.ST to underweight from equal-weight, and Berenberg raises its recommendation on Tele2 TEL2b.ST for purchase from retention.

Medicover MCOVb.ST has implemented a targeted issue of SEK 1.5 billion. the day comes Swedish CPI as well as US PPI and weekly unemployment data. The Riksbank’s Per Jansson gives speeches.

Reviewer overview

The Asian Stock Markets fall on Thursday - /10

Summary

The Asian stock markets fall on Thursday morning after the Federal Reserve on Wednesday breathed caution about the strength of the economic recovery.

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