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    Stock market: Asia closes down, look at Fed moves

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    Intesa Sanpaolo: 500 million for female entrepreneurs (ANSA)

    (ANSA) – MILAN, JUN 14 – Asian stock markets closed down, in the wake of the thud on Wall Street. The nervousness continues on the markets ahead of the Fed meeting and with fears of more aggressive interventions on the rate hike. Jerome Powell’s speech at the Dollar Conference is expected in the afternoon.

    The war in Ukraine by Russia and the effects on the global economy are also important.

    Closing down for Tokyo (-1.32%). On the currency front the yen is close to the lowest in 23 years against the dollar, at 134.60, and also weakens against the euro at 140.40. With positive negotiations still in progress Hong Kong (+ 0.2%), Shanghai flat (+ 0.01%), Shenzhen down (-0.7%). Seoul is down (-0.5%) while Mumbai is positive (+ 0.3%).

    On the macroeconomic front, the Zew index of sentiment on the German economy and industrial production in the Eurozone is coming. From the United States the index of the main production prices, the weekly oil stocks (API). The monthly OPEC report is also coming. (HANDLE).

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    Source: Ansa

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