* Euro STOXX 600 up 0.3% * MSCI ex-Japan Asia hits record. * Nasdaq futures up on Netflix (NFLX). * Investors bullish after Yellen supports big spending. * Oil up, dollar on the back foot. By Tom Wilson and Hideyuki Sano.
Japanese shares retreated from early gains on Wednesday on profit-booking as U.S. Treasury Secretary nominee Janet Yellen's call for big spending was not perceived by investors as surprising.
* MSCI ex-Japan Asia gains almost 1%, Nasdaq futures up on Netflix (NFLX). * Investors bullish after Yellen supports big spending. * White House power transition seen smooth, underpinning mood. By Hideyuki Sano.
Japanese shares trimmed early gains on Wednesday on profit-booking as U.S. Treasury Secretary nominee Janet Yellen's call for big spending was perceived by investors as no surprise.
Japanese government bonds were steady to slightly firmer on Tuesday, with solid demand at a 20-year bond auction allaying fears that the Bank of Japan could widen its policy target in March.
Japanese government bond yields rose after a local media report that the central bank might widen the band of its policy target of 10-year yield and allow further rises when it reviews its policy framework in March. Jiji press reported on Friday the Bank of Japan could enlarge the current 10-year yield target of 0.2%, or 20 basis point above or below zero percent, to allow more policy flexibility.
Japanese stock prices slid on Monday as investors took profits from recent gainers, including semiconductor-related shares, following the market's rapid ascent to a three-decade high earlier this month. The Nikkei average dropped 0.97% to end at 28,242.21, slipping further from its 30-year peak of 28,979 touched last week.
Japanese stock prices slid on Monday as investors took profits from recent gainers such as semiconductor-related shares following the market's rapid ascent to a three-decade high earlier this month. The Nikkei average dropped 0.83% to 28,282.74, slipping further from its 30-year peak of 28,979 touched last week.
* January manufacturers' sentiment index -1 vs December -9. * Service-sector index -11 in January vs December -4. * Manufacturers', service-sector mood seen little changed ahead. By Daniel Leussink.
Japanese government bonds firmed slightly on Friday, following strong auction results and after U.S. President-elect Joe Biden's stimulus proposals contained little in the way of surprises. The liquidity-enhancing auction, in which the Ministry of Finance sells an additional amount of existing JGB issued strong bids, traders said.
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