Morning Bid: No calm before the central bank storm

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A look at the day ahead in European and global markets from Kevin Buckland

Europe yet again wakes up to a swathe of red in Asian markets on Tuesday. But how big of an impact it would have is to be seen.

The biggest eyesore is the more than 1% plunge in Japan's Nikkei share average (.N225), but closer inspection shows that more than half of that is from a handful of chip- and AI-related shares with big weightings. Japanese markets were closed on Monday for a national holiday, so are only now catching up on the TSMC news.

Economy