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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 AccessStocks in Asia are mixed to finish the.......>
STOCKS: Stocks in Asia are mixed to finish the week. In Japan the Nikkei 225 is
up 33 points at 22,758 but well off highs seen shortly after the open when the
index came within touching distance of 23,000. The drop came alongside a drop in
US stock futures as the the brakes were put on the advancement of the US tax
bill through the Senate. Senators suspended voting on the bill as they seek to
salvage the bill by winning over deficit hawks and other hold outs. The Senate
announcement saw the rally in the USD stall, USD/JPY fell to session lows of
112.32 from 112.70 prior to the news. On the Nikkei 225, 6/11 sectors are in the
green, energy and financial stocks leading the way - the energy sector is up
1.4% after OPEC reached a deal for a 9-month extension and called for
cooperation by non-OPEC producers. In Australia the ASX 200 is up 10 points at
5980, the price action is similar to the Nikkei, early gains erased alongside a
drop in US equity futures on the suspension of the Senate tax vote - sources
note some stops were tripped on the way back down through the 6000 handle.
Shares are negative in China and Hong Kong; Tencent are down 3% on the Hang Seng
ahead of their re-weighting aftermarket.
To read the full story
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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.