Asian shares were set for a tense session on Wednesday as investors await readings on US inflation that could fan fears of faster rate hikes and unleash another burst of global volatility.
The early inclination was to inch higher as E-Minis for the S&P 500 added 0.1 percent and MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.2 percent.
Japan’s Nikkei bounced 0.4 percent to 21,327, after closing at a four-month low on Tuesday. Dealers said there was a lot of focus on the 200-day moving average at 21,031 as a break there would ring bearish alarm bells.
For more information ✆ – 0731-6642300 or Visit http://www.epicresearch.co
You may also like:
|Sensex, Nifty rangebound; RBI’s MPC meet outcome awaited||Sensex, Nifty continue to be sluggish ahead of RBI policy; Europe mixed|