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Nikkei 225 closes higher by 0.67% at 28,822.29

A risk-on start to the new week in the equities space

Nikkei 25-01
Despite more tepid tones in Wall Street at the end of last week, the market is keeping more optimistic in trading today as Asian equities push higher and we also see US futures roaring back ahead of European morning trade.
The Hang Seng is up 1.9% while the Shanghai Composite is up 0.5%, with S&P 500 futures being up 0.4% and Nasdaq futures up 0.7%.
That is allowing for a more risk-on mood going into the session ahead, with the bond market also reflecting calmer tones. US 10-year Treasury yields are up 1 bps to 1.096%.
In turn, the dollar is being pinned slightly lower while the aussie, kiwi and loonie are leading gains in the major currencies space for the time being.

European equity close: Soft finish leads to negative week

Closing changes in the main European bourses:

  • UK FTSE 100 -0.4%
  • French CAC -0.7%
  • German DAX -0.2%
  • Italy MIB -1.6%
  • Spain IBEX -1.2%
Talk of a fresh election is weighing on Italian stocks
On the week:
  • UK FTSE 100 -0.7%
  • French CAC -1.0%
  • German DAX +0.6%
  • Italy MIB -1.4%
  • Spain IBEX -2.5%
Just when it looked like Italian stocks might get some upward momentum, they get cut right back down and are now lower on the year.

Closing changes in the main European bourses:

Nikkei 225 closes higher by 0.82% at 28,756.86

A solid day for Asian equities in general once again

Nikkei 21-01
The Nikkei bounces back today, following the better mood in Wall Street where we saw record closes for the major indices in the US. That is being followed up with gains in futures today as well with S&P 500 futures up 0.3% and Nasdaq futures up 0.6%.
The Hang Seng is up 0.1% after trimming earlier gains while the Shanghai Composite is sitting 1.2% higher on the session so far going into the closing stages.
The dollar is still being pressured on the back of the more positive risk mood as it lingers near the lows for the day. GBP/USD is taking another look at 1.3700 while AUD/USD is keeping higher at 0.7775 near some minor resistance at 0.7780-90.
Elsewhere, precious metals are also gradually gathering steam once again with silver briefly breaching the $26 mark earlier – the first time in nearly 2 weeks.

Nikkei 225 closes higher by 1.39% at 28,633.46

Asian equities surge higher on the day

Nikkei 19-01
Stocks are kicking things off on a strong note to start the new day as turnaround Tuesday beckons, with the return of Wall Street anticipated. Asian equities surged with China being the only major red mark on the report card.
The Hang Seng is up 2.1% and the Kospi is up 2.5%, while the Shanghai Composite is seen slumping by 0.9% after advancing yesterday on the Q4 China GDP report.
The risk mood is tilted to being more positive as we see a risk-on push in the market to kick start the new day (and one can argue, the actual start to the week).
S&P 500 futures are up by 0.6% and 10-year Treasury yields are up by 2.2 bps to 1.106%, pinning the dollar and yen weaker ahead of European trading.

European major indices rebound from lows and close higher on the day

Modest gains for the major indices

The major European indices rebounded off of earlier low levels and are closing modestly higher on the day.  The provisional closes are showing

  • German DAX +0.2%. The low price reached -0.4%. The high price extended up 0.38%
  • France’s CAC +0.3%. The low price reached -0.13%. The high price reach +0.5%
  • UK’s FTSE 100 -0.1%. The low price reached -0.27%. The high price reached +0.27%
  • Spain’s Ibex +0.3%. The low price reached -0.33%. The high price reached +0.49%
  • Italy’s FTSE MIB +0.4%. The low price reached -0.32%. The high price reached +0.72%
in other markets as London/European traders look to exit:
  • Spot gold is trading up $3.74 or 0.2% at $1858.54.
  • Spot silver is trading down $0.05 oh -0.22% at $25.50
  • WTI crude oil futures are trading down $0.11 or -0.21% $53.10. Crude oil inventorie