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Stock Exchange: Asia closes down, fears for Omicron weigh on

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Maneuver, trade unions on Monday at the Mef.  Landini:

(ANSA) – MILAN, NOV 29 – Asian stock exchanges closed down again after the sharp decline on Friday. There is fear on the markets for the expansion of the new variant of the coronavirus identified in Africa, with the Japanese government announcing the closure of borders to foreigners. With the evolution of the situation of the Omicron variant, attention is also turned to the next moves of central banks, in particular the Fed.

Closing down sharply for Tokyo (-1.63%). On the currency front, the yen appreciates again against the dollar at 113.10, and against the euro at 127.50. While negotiations are still in progress, Hong Kong (-1.2%) and Shanghai (-0.2%), Seoul (-0.9%) are also in the red, while Mumbai (+ 0.6%) and Shenzhen (+ 0.3%).

On the macroeconomic front, the indices on consumer, service and industry confidence in the Eurozone are coming. Inflation in Germany and Spain is also expected. The producer price index is expected from Italy. From the United States there will be data on manufacturing activity while Fed President Jerome Powell will speak at the New York Fed Innovation.


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Source From: Ansa

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