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Asian Stock Market: Trades mixed as US stock futures recede on election jitters

Asian equities gyrate amid mixed signals from the US elections and geopolitical factors elsewhere in Asia-Pacific. That said, MSCI’s index of the stated region’s shares, ex-Japan, drop 0.15% intraday whereas Japan’s Nikkei 225 rise over 1.0% during Friday’s pre-European session open trading.

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AUD/USD to drop below the 0.7050 level – Westpac

AUD/USD is only down about 30 pips from this time last week but that leaves it weakest in the G10. Economists at Westpac see plenty of risk of further equity turbulence on US political headlines, with extra weight from Reserve Bank of Australia’s firmly dovish tone. The aussie risks a fall  below 0.7050 but the 0.7000 level should hold.

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