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Stock market: recession warning also affects Asia, Tokyo -1.2%

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Enac and the Lazio Region sign a protocol on advanced air mobility (ANSA)

(ANSA) – MILAN, JULY 06 – The alarm about the recession that yesterday slowed down Western markets moved to Asia and the Pacific, hitting all the main financial markets this morning. The minus sign prevailed in Tokyo (-1.2%), Taiwan (-2.53%), Seoul (-2.13%) and Sydney (-0.53%), as well as in Hong Kong (-2 , 53%), still open together with Shanghai (-1.94%) and Mumbai (+ 0.45%). Futures on Europe were positive, while similar contracts on US indices were negative. Industrial orders in Germany in May are better than estimates, economic forecasts and May retail sales in the EU are expected in the morning. From the US, on the other hand, a series of macroeconomic indicators are arriving in the afternoon, ranging from mortgage applications to ISM indices. In the evening, the minutes of the last Federal Committee of the fed and the weekly fate of crude oil according to the America Petroleum Institute are released.

The strengthening of the dollar weighed on the lists at 135.46 yen, while WTI crude oil was below 100 dollars a barrel. The auto giant Toyota (-2.76%) together with rivals Mazda (-4.66%) and Mitsubishi (-5.64%) are under pressure on the Tokyo market.

Microprocessor manufacturers Tokyo Electron (-1.29%) and Advantest (-0.85%) are down, together with banks Nomura (-1.25%) and Sumitomo Mitsui (-3.03%). (HANDLE).

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Source: Ansa

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