Yesterday, mainland China’s CSI 300 index and Hong Kong’s Hang Seng index both experienced a 0.5 percent decrease, while Japan’s Nikkei index saw a 0.2 percent increase and Korea’s Kospi index was up by 0.5 percent.
New Zealand recently reported a 0.2 percent growth compared to the previous quarter, officially ending a technical recession. Economists predict a further 0.1 percent increase, marking a positive trend in the country’s economic performance.
In the foreign exchange market, the Chinese yuan and Japanese yen both weakened against the dollar today as central banks in Britain, Switzerland, and Norway announced their interest rate decisions. Britain is not expected to lower interest rates until August despite reaching the 2 percent inflation target in May.
As for trading, a mixed opening is anticipated for Wall Street based on futures indices, while European stock markets are expected to open on a positive note. The focus of investors today is on global economic trends and market dynamics as they navigate these uncertain times.
