Asian equities could trade slightly positive as Wall Street bourses finished higher, with the tech sector leading the upside post-Netflix earnings. Although, some gains on value names were capped amid geopolitical concerns on Russia/Ukraine conflict and reports that Google was pausing new hires for two weeks.
The USD was firmer amid the choppy global risk appetite, with traders now eyeing today’s ECB meeting that will raise rates after years of monetary policy easing. There was also internal pressure in Europe that could influence risk asset price action, with local reports stating that Italian Prime Minister Draghi is set to announce his resignation later in the session. On the macro front, traders will be looking for Japanese Trade Data and BoJ Policy Decision with no significant expectations. All eyes will be on the European Central Bank decision.
