Meanwhile, Australia’s ASX 200 Index is facing a five-day losing streak, falling 0.38% in morning trading. The losses were broad-based, with gold and mining stocks leading the decline for the second straight session.
Iron ore prices showed a downward trend due to China’s disappointing economic data. BHP Group Ltd. (BHP) and Rio Tinto Ltd. (Rio) fell by 1.89% and 1.78% respectively.
Meanwhile, Northern Star Resources Ltd. fell. (NST) down 1.34%, while gold fell 1.21% to $2,648 on Friday.
Outlook
Global markets may remain volatile as traders await policy decisions from the Fed and BoJ. Traders should also monitor policy-related rumors from Beijing. Stocks, currencies and commodities may see increased volatility due to concerns about global trade protectionism.
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