Free Trial

The Nikkei opened Asia up 0.05% and came.....>

STOCKS
STOCKS: The Nikkei opened Asia up 0.05% and came into the lunch break up 0.38%,
currently at 20769.77 again breaking another 2-Year high... The Kospi is up
1.85%, a 2 month high so the holiday seems to have done Japanese investors some
good. 
- The same cannot be said for Chinese indices after holidays as the Hang-Seng,
the CSI 300 and the Shanghai Composite indices are all down.
- Wall Street Indices closed the overnight slightly lower on empty volumes due
to the National Holiday Columbus Day, the dollar has declined and yields are
also slightly up as the U.S Dec rate hike probability has lifted above 80%, U.S.
stocks also suffering as we await minutes from the most recent Federal Reserve
meeting and the recent spat between President Trump and Top Senator Bob Corker
threatens to jeopardize tax reform.
- European stocks surprisingly ended mostly higher despite the impending
declaration from Catalonian Leader Puigdemont on Tuesday where he is likely to
declare independence, although under increasing pressure not to do so as
business' one by one move out or plan to move out of Catalonia. 

To read the full story

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.