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Free AccessThe Topix has reached decade highs and the...>
STOCKS: The Topix has reached decade highs and the Nikkei has topped more than 2
decade highs in the first half of the Asia-Pac session as polls suggest the
impending Japanese election on October 22 will bring in Abe's highest majority
yet, Abe is looking to win his 4th term as Prime Minister. Abe has boosted the
Japanese economy throughout his terms, using his famous 'Abenomics' to control
policies. The Nikkei came into the lunch break up 18.44pts at 21,354. There is a
lot of skepticism surrounding the booms in these markets as people worry the
gains aren't 'true' or sustainable and are signs of the markets overheating as
investors exert too much optimism surrounding Abe.
- European stocks ended mainly lower and U.S Stocks closed mixed after slight
recoveries post news that potential 'hawk' Taylor may be in the running for Fed
Chair.
- USDJPY is up slight at 112.23, this month has seen the pair reach it's highest
levels since July.
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.