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Bearish Focus

STOCKS: Japanese stocks have today moved very positively into the lunch break
with the Nikkei 225 up 228.06pts at 20197.56, this is the highest level in more
than two years on a two-day slide in the Yen and expectations of a snap
election, the 1% gain suggests the Nikkei is playing catch up to a rally after
being closed yesterday for a Japanese public holiday. It also mimics US indices
as the S&P 500 closed another day on record highs and European markets all
closed in the green too after BoE Carney's comments. 
- All sectors are in the green on the Nikkei 225 with the financials sector best
- The Hang Seng is currently down around 50pts after steady gains yesterday and
a sharp rise on the open today. The ASX Index is up around 11pts after strong
Roy-Morgan Consumer Confidence Index data and better than expected House Price
Index data, positive RBA minutes for September were also released today.
- The USDJPY is down today, still above 111 levels which it hasn't seen since
July but down nonetheless, U.S stocks are performing well and the prospect of a
snap election for Japan are causing slight unrest.