Following Donald Trump's projected victory in the 2024 U.S. presidential election, Japanese stock futures experienced an uptick, with the Nikkei 225 index showing positive momentum. The index was reported to be set to retake the 40,000 mark, reflecting investor optimism. However, the broader Topix index showed a slight decrease of 0.25%, while the ASX 200 fell marginally by 0.1%. The yen weakened significantly, reaching a low of 154.7 against the dollar, its lowest level since July 30, before recovering slightly to 154.41. Market participants are also bracing for potential increases in U.S. tariffs and upcoming rate decisions from the Federal Open Market Committee (FOMC). Overall, the Asia-Pacific markets displayed a mixed performance amid the ongoing adjustments following the election results.
Morning all! - APAC stocks held a mostly positive bias as the dust settled from the US election, participants also digested Chinese trade data. - European equity futures are indicative of a firmer cash open with the Euro Stoxx 50 future +0.3% after the cash market closed lower…
Asia-Pacific markets were mixed Thursday after Trump’s projected victory in the 2024 election. Japan’s Nikkei 225 slipped 0.25%, while the broader Topix rose 0.95%. The yen weakened to 154.7 against the dollar, its lowest since July 30, before recovering slightly to 154.41.…
Mixed start to Asia-Pac trade after the effects of the Trump election victory reverberated across global markets and as participants brace for higher US tariffs, while the attention turns to the looming rate decisions including from the FOMC: ASX 200 (-0.1%), Nikkei 225 (+1.0%),…