Monday 13 June 2016

Asian Market Update : Epic Research Malaysia

A sense of unease lingered in financial markets as trading got under way for the week, with the yen strengthening and Asian index futures signaling losses ahead of key events that could be catalysts for further turbulence. Crude oil slid.

Japan's currency climbed with gold early Monday as traders favored haven assets ahead of a week where Chinese data on factory output and retail sales will be followed by meetings of the Federal Reserve and the Bank of Japan.

Equity-index futures from South Korea to Hong Kong foreshadowed declines after a gauge of global shares slid the most in more than four months. The pound slid to the lowest level in almost two months after a poll showing a 10 percentage-point lead for Britain to leave the European Union sent it tumbling late on Friday. Crude extended losses amid an increase in US drilling rigs.

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