Reply To: Traders Market Weekly: Fear and Greed in Las Vegas.

#33187
Truman
Participant

Here we go :

The global equity markets are mostly higher to kick off the week. Although the Nasdaq Futures are up about 0.5%, S&P Futures are down slightly to trade around the 4420 area. Spoos were range-bound during the overnight action, putting the low in early at 4402.75. The high was established toward the end of the Asian session at 4437.50.

In Asia, Japan rallied over 1%. Traders seemed to take a collective sigh of relief after Prime Minister Fumio Kishida refrained from declaring a state of emergency in Tokyo over the weekend. Shipping stocks were among the best-performing groups with names such as Mitsui O.S.K. Lines, Kawasaki Kisen Kaisha and Nippon Yusen rising 7-10%. China was closed for Lunar New Year holiday.