- Thin market liquidity over the holiday period is likely to exacerbate the negative effects of from commodities and Russia.
- And local data are unlikely to be much help. Weak oil prices will cut inflation further in both Korea and Japan, much against policy makers’ objectives.
- On a brighter note, industrial production in both is expected to have expanded solidly.
- Last but not least, China’s official PMI is likely to tell the same story as the HSBC equivalent of continued slowing.
The material has been provided by InstaForex Company – www.instaforex.com