Asia equities were mixed on Thursday in choppy trade as caution over the European Central Bank (ECB) overshadowed record gains on Wall Street.
While no rate move is expected from the ECB, analysts will look for clues on further stimulus amid recent weak data. Former Federal Reserve Chairman Ben Bernanke said late on Wednesday that the central bank would have a rough time implementing U.S-style monetary easing.
“Having just recently started its private sector purchase programs and with the next round of TLTRO looming, the ECB is set to remain on hold. However, given still low growth and inflation, Draghi is likely to keep the door open to further actions,” said analysts at Societe Generale in a note.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.