Reply To: Traders Market Weekly: Independence, Precious and Formative

#39338
Truman
Participant

In Asia, China rose 0.9% while Japan gained 1.4%. The Shanghai Composite continued its winning ways after a report showed Chinese Industrial Profits shrank at a slower pace in May. There was also chatter from a PBOC advisor suggesting the central bank may introduce special national bonds that would not count as financial deficits. In Japan, the Nikkei took its winning streak to three sessions. Technology names were among the leaders with heavyweights such as SoftBank, Tokyo Electron and Advantest surging 3-5%.

In Europe, the major bourses are firmly in positive territory. Commodity stocks are on the move higher with metals firming this morning. Miners such as Antofagasta, Glencore and Anglo American are up by 2-3%. Luxury retail names are also hot with the likes of LVMH and Richemont gaining about 2%.