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(M2) Resistance Remains Intact


USD Weaker; NZD Outperforms


Building On Last Week's Gains

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STOCKS: Japanese stocks shrugged off the U.S.-China trade war worry, as the
Nikkei 225 added 1.4%, with almost all of the major sectors trading higher
following the long weekend. Japanese stocks were likely aided by their looser
ties to the Chinese economy when compared to some of their Asia-Pacific
counterparts, and the fact that the tariff stands at 10% (until the end of the
year when it will be ratcheted up to 25%), with the potential for dialogue
between the two superpowers in the interim.
- Elsewhere the Hang Seng shed 0.8%, the ASX200 lost 0.5% and China's CSI 300
lost 0.1%.
- U.S. index futures all traded lower, but bounced from worst levels, with the
e-mini S&P 11 points lower last.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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