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Calm before the storm
Markets have remained calm in small range despite Greece’s weekend struggles with its eurozone creditors and a German IFO release that was at 102.5 marginally lower than the expected 103. With Asian markets quiet during the festive lunar new year, investors are...
Asian Markets Continue to Rise on Chinese New Year
The Nikkei 225 reached a 15-year high at 18,264 following positive trade balance data and yesterday’s FOMC minutes. Japanese exports rose 17% year over year helped by a weaker Yen and a more accommodative policy. Moreover, equities received an additional boost by Fed...
Japan Stocks Extend Rally as Eurogroup Approaches Deadline
Nikkei 225 shares continued the rally for a third straight day, jumping 0.4% to a new high of 18,332. Investors were little affected by the current Nomura Manufacturing PMI data, which, deteriorated to 51.5 against last month’s reading of 52.2. Meanwhile, bourses in...