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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessJapanese stocks went into the lunch break....>
STOCKS: Japanese stocks went into the lunch break lower, the Nikkei 225 down
59.94 points at 19,325.87, denoting the third consecutive day of declines. The
index opened lower, pressured be a stronger yen as North Korea jitters persisted
which saw yen gain on safe haven flows. USD/JPY fell during the session
yesterday dropping some 80 pips during European/US trade to last trade at
108.71.
- Stocks in Asia-Pac are weaker in general, following the negative lead from US
stocks, while bonds are bid globally which has seen flows rotate from stocks to
bonds. The ASX 200 is down around 29 points at 5677, the index dropped at the
open then clawed back some of the losses while GDP data came in slightly weaker
than expected on the quarter at 0.8% (est. 0.9%).
- Stocks in mainland China and Hong Kong are both in the red, capping their
recent gains with financials seen as the main drag.
- US stock futures are lower, dovish comments from Fed officials during
yesterday's session helped to spur the bid in US treasuries, while there is also
some worry around Hurricane Irma heading towards Florida.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.