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With the weekend’s US-Japan leadership summit having concluded largely without incident, is it too much to hope for a less hectic trading week ahead?
Almost certainly, if recent precedent is any guide. But things have been going pretty smoothly in Asian trading so far.
Asian equities have turned in a fine performance to start the week. The S&P/ASX 200 closed the day up 0.7 per cent, while Tokyo’s broad Topix index is up 0.5 per cent in afternoon trading and Hong Kong’s Hang Seng index is up by the same amount.
In forex markets the yen has been the big mover following Japan’s fourth-quarter GDP data, with the currency 0.5 per cent weaker against the dollar at ¥113.76. The pound is up 0.1 per cent on the greenback at $1.2497, while the euro is down by the same amount at $1.0624.
Futures tip the FTSE 100 to open 0.2 per cent higher in London, while the S&P 500 is expected to start the morning session in New York up by the same amount.
Corporate earnings reports out today include Liberty Global, Saab and Fidessa.
The economic calendar is spectacularly light on Monday (all times London):
- 07.00: Germany wholesale inflation