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27 Jun 2017

Nikkei approaching two-year highs as Yen weakens

The Japanese stock markets remain well bid on the back of Yen weakness with the benchmark index eyeing fresh two-year highs above 20,318 levels. 

The index was last trading at 0.32% or 64 points higher on the day around 20,217.50 levels. A weaker Yen is lifting the exporter issues. 

The USD/JPY pair rose to 111.94 on Monday despite the weak US durable goods and regional manufacturing data and extended gains to 112.07 (highest since May 24).

The sentiment remains cautious in the markets outside Japan. Australia’s S&P/ASX 200 is down 0.40%, while South Korea’s Kospi is flat lined. 

Jun 27, 2017

US Comm Dept.: Canadian softwood will face duties up to 30.88%

The US Commerce Department came out with a statement earlier today, via Reuters, announcing duties on the softwood lumber exports from Canada. Key Po
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Jun 27, 2017

China’s industrial profits increase 16.7% in May

The National Bureau of Statistics (NBS) reported the latest Chinese industrial profits data for the month of May, noting that the industrial profits c
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