The Outlook on DXY and Nikkei 225 As Dovish Moods Prevail
It was a strong week for the risk assets: S&P 500 and Nasdaq made new all-time highs, and risk currencies closed the week positive against the dollar. The US dollar…
Japan’s PM Candidate Kishida Calls for Trillions of Yen Stimulus
(Reuters) Fumio Kishida, a candidate running for Japan’s prime minister position in the next election, has called for an economic stimulus running into tens of trillion yen. Kishida’s proposal includes…
Japan’s GDP Exceeds Estimates to Grow by 0.3% QoQ in the Second Quarter
(Cabinet Office) The gross domestic product of Japan exceeded a market expectation of 0.2% growth in posting a quarter over quarter expansion of 0.3%. On an annualized basis, Japan’s economy…
Asia-Pacific Stocks Lead Global Peers in Tuesday Rebound
Japan’s Nikkei 225 led its Asia-Pacific stocks in Tuesday's jump after surging by 3.12% at 28,884.13. The jump followed a tumble of more than 3% on Monday. Japan’s Topix index…
Japan’s Economy Back into Recession as PMI Slips Below the 50 Index Level
Japan’s Composite PMI slipped to 48.1 in May, down from 51.0 in April, according to the IHS Markit press release. The PMI indicates a return to recession, one month after…
New COVID-19 Strain Reverses Stocks, Sterling Gains and Threatens More Volatility
European stocks and the pound traded 2% lower on Monday amid growing market volatility over a new coronavirus strain in Britain, reports Reuters. The new strain, up to 70% more…