During the recent review, Japan’s Nikkei index saw a modest increase of 0.2 percent, while Korea’s Kospi index was up by 0.5 percent. Meanwhile, mainland China’s CSI 300 index and Hong Kong’s Hang Seng index both experienced a 0.5 percent decrease in value.
In other news, New Zealand managed to come out of a technical recession with a growth of 0.2 percent compared to the previous quarter. Economists surveyed by Reuters are predicting a 0.1 percent increase for the next quarter. Year-on-year growth was recorded at 0.2 percent.
Today, the market is closely monitoring interest rate decisions from central banks in Britain, Switzerland, and Norway. Britain is not expected to cut interest rates until August, despite meeting the 2 percent inflation target in May. Wall Street is anticipated to have a mixed opening on Thursday based on futures indices, while European stock markets are expected to open in an upward direction.
In the foreign exchange market, the Chinese yuan weakened against the dollar to its lowest level since November as did the Japanese yen as of 8:09 am one euro was equivalent to 1.07 dollars, 169
