Thursday, 30 April 2015

Asian Market Update

Nikkei slips 0.4 percent
Japan's Nikkei 225 declined in early trade, with better-than-expected data released before the market open seemingly unable to offset the unimpressive cues from Wall Street.
Consumer inflation rose 2.2 percent in March, exceeding expectations for a 2.1 percent rise and a tick up from 2.0 percent in February. Meanwhile, household spending likely fell 10.6 percent on-year in March, below market forecasts of 12.1 percent but much higher than the 2.9 percent in February. The jobless rate fell to 3.4 percent, a tick lower than February's 3.5 percent.

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