Investing.com - Asian shares traded lower with the Bank of Japan
keeping its policy steady as expected.
Hong Kong's Hang Seng was down 0.4% after leaping to its highest
close since May 2008 yesterday, while the Shanghai Composite Index
was down 0.2%, after its highest close since June 2013.
The Nikkei 225 was down 0.2% and Australia's S&P/ASX 200 was
A meeting by the European Central Bank on Thursday is expected
to bring further details on the bank's plans to start asset
purchases, a move that would work in favor of the dollar's
Overnight, U.S. stocks finished mixed due to uncertainty as to
whether the European Central Bank will stimulate its economy on
Thursday and whether the U.S. jobs report will come in solid on
The Dow 30 rose 0.06%, the S&P 500 index fell 0.08%, while
the NASDAQ Composite index fell 0.56%.
Stocks rose earlier after Ukraine's President Petro Poroshenko
said he had agreed with Russian President Vladimir Putin to take
steps to establish a "permanent ceasefire" in eastern Ukraine.
Putin later said his views were "very close" with Poroshenko on
finding a political way out of the conflict.
Investors were eager for the European Central Bank's
announcement on policy on Thursday, with many betting that the
monetary authority will roll out stimulus measures to kick-start
the economy after the euro area's annual inflation rate slowed to a
five-year low last month.
On Friday, the U.S. will release its August non-farm payroll
report, and investors hope the data will serve as weather vane
pointing to the direction of monetary policy, sidestepping the
greenback ahead of time.
While U.S. economy continues to gain steam, Federal Reserve
Chair Janet Yellen has expressed concern over slackness persistent
in the labor market.
On Thursday, the U.S. is to release trade-balance data, the ADP
report on private-sector job creation and the weekly report on
initial jobless claims.
Also on Thursday, the ISM is to publish a report on U.S. service
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