(ANSA) – MILAN, DEC 20 – Asian stock markets closed the first session of the week down. The increase in infections of the Omicron variant of the coronavirus and the effects on the economic recovery are in the spotlight. Spotlights also on central bank decisions with the Chinese one (PBOC) which cut the Loan prime rate (Lpr) for the first time in 20 months, among the preferential rates offered by commercial banks to the best customers and a reference for the rates applied to other loans. The Fed’s decisions and the economic policy implemented by the US administration are also perplexing among investors. Tokyo declined sharply (-2.13%). On the currency market, the yen strengthens against the dollar at 113.40, and against the euro at 127.70. Markets still open in the red also Hong Kong (-2%), Shanghai (-1%), Shenzhen (-1.7%), Seoul (-1.8%) and Mumbai (-2.5%).
Lack of macroeconomic indicators day. The current account balance of the Eurozone is on its way. From the UK the trend of industrial orders is forecast. The leading index from the United States. (HANDLE).
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Source From: Ansa
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