Spreadex Market Update

Asian markets advance



Asian markets advanced overnight, led by Japanese shares after the group of 20 nations refrained from censuring the nation’s policies which has continued to weaken the yen over the last few weeks. The G-20 finance chiefs signalled the Asian nation has scope to keep stimulating its stagnant economy without assistance.

Volumes are likely to remain thin throughout the day with US equities closed for Presidents Day. Minor developments from the G-20 meeting over the weekend showed there would be no currency war and deferred plans to set new debt-cutting targets. With little developments over the weekend, European markets are seen trading in a tight range leading into the open.

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