Tuesday, 30 May 2023

Asian Indices Slide After China Data: Hong Kong HSI, Australia ASX, Singapore STI Price Action

Asian indices have fallen sharply after China’s manufacturing activity contracted faster than expected in May – another sign that China’s post-Covid recovery is losing momentum. What is the outlook on the Hang Seng, ASX 200, and the FTSE Straits Times Index?

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...