Free Trial

The Nikkei 225 moved into the lunch break....>

STOCKS
STOCKS: The Nikkei 225 moved into the lunch break in positive territory up
118.48pts at 20414.93, early on in the session it was 40pts higher. Nikkei
manufacturing PMI figures came in strong, suggesting the local economy is
getting stronger, paired with other strong data last week such better than
expected surveyed data for imports and exports. Since this time last week when
we heard President Abe will call a snap election, the Nikkei has gained 2.6%.
Stocks came down on this session after announcement of more purchases by the BOJ
but at the same rate as last week, to come back up after Trump added N. Korea to
his list of countries banned from the U.S.
- Hang Seng is currently down around 230pts, real estate is contributing heavily
to the decline. The CSI 300 down 11pts and the ASX200 up 10 pts.
- US/EU stocks closed mixed on Friday, approaching the election in Germany and
US fairing worse amongst fear instilled by President Kim Jong-Un.
- USD/JPY is up currently at 112.19 earlier in the session hovering at high
levels seen on Friday post FOMC which represented highest levels since July.

To read the full story

Close

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.