Monday, 21 August 2023

Asian Indices Feel the Heat of Rising Yields: Hang Seng, Kospi, Straits Times Index Setups

The upward pressure in Asian indices appears to be fading fast amid rising global yields and a faltering post-Covid recovery in China. What is the outlook for the Hang Seng Index, Kospi, and 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...