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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.
JAPAN STOCKS
The Nikkei 225 has crossed above the 27,000 mark for the first time since Apr 1991, boosted by a positive session at Wall St. seen after U.S. Pres Trump signed off on a Covid-19 relief package, despite his earlier threats to the contrary. Reports suggesting that Pres-elect Biden would take action to boost Covid-19 vaccine production further aided risk appetite. In the U.S./Asia crossover, the House of Reps voted in favour of Trump's proposal re: stimulus checks increase, sending it to the Senate, creating a conundrum for Republican Senators.
- The index managed to establish itself above the 61.8% recovery of its 1989 - 2008 slide (26,748). Today's jump allowed it to challenge the upper bound of an ascending channel drawn off the 2012 low, intersecting at 27,074. A close above there would reinforce the bullish case. Meanwhile, longer-term topside focus falls on the 76.4% recovery of the 1989 - 2008 decline at 31,414 & 1990 high of 33,345.
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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