A look at the day ahead in Asian markets from Jamie McGeever.
Japan's Nikkei 225 index has been on a roll lately, last week hitting a 16-month high. It rose 1% on Tuesday and only four of the last 20 trading sessions have been down days.
South Korean unemployment figures for April and current account data for March are the main economic numbers out on Wednesday, while Japan's FX reserves for April will be released too. But global markets are getting nervy, inching closer to the X-Date when the U.S. government runs out of cash as stalemate between Republicans and Democrats in Washington deepens the $31.4 trillionTreasury Secretary Janet Yellen has repeatedly warned that the X-Date could be June 1, meaning there is barely three weeks between now and a potential U.S. default.are yielding 5.
Famed bond investor Bill Gross said 1-month bills are a screaming 'buy' at current levels because history shows a deal will be done, even if it is at the last minute. But what if it is different this time?and world stocks closed lower on Tuesday, Asian stocks ex-Japan had their biggest fall in two weeks, while gold and the Japanese yen rose.- South Korea unemployment
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