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Asian Stocks Closed Flat in Thin Holiday Trade - Capital Street FX

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  THE NIKKEI 225 ROSE 1.16% TO 28542.11 ON THURSDAY. On Thursday Japan’s Nikkei stocks average ended higher, and COVID-19 lockdowns ended in major China trade partner Benchmarks declined in Tokyo, Sydney, and Shanghai, major Chinese cities closed due to coronavirus outbreaks, and Asian shares fell trading as the market was closed for good Friday The Hang Seng was up by 2.69% at 19362.45 and Hang Seng Tech Index was down by 1.29%. The 10-year U.S Treasury yield jumped to its next level in June. The 30-year Treasury rate closed at the highest level since 2014 Last Wednesday Asia- The pacific market was down as investors expect the Federal Reserve to give a summary of economic conditions, this is also known as Beige Book. Shanghai is up by 0.82% at 3262.05, and the TOPIX rose 0.19% to 1866.71, Chinese exporters increase by 7.1% in August and in the next month it increased by 18% almost 12.8%, The offshore Chinese yuan weakened to 6.99 % The S&P/ASX 200 in Australia down by 1.42% a...

FTSE 100 LATEST NEWS & TECHNICAL ANALYSIS – Capital Street FX

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  EUROPEAN STOCKS HIGHER; EUROZONE PPI DATA DUE European stock markets climbed higher Tuesday, building on the previous session’s positive start to the new quarter. By 03:45 ET (07:45 GMT), the DAX in Germany traded 1.9% higher, the CAC 40 in France rose 2.3%, and U.K.’s FTSE 100 climbed 1.1%. European equities have started the new quarter on an upbeat note, bouncing after the sharp losses of the third quarter caused by concerns over slowing growth and aggressive monetary policy tightening. Helping the tone was the decision of the U.K government to reverse proposed tax cuts for top earners. That said, this only rules out a small percentage of the planned 45 billion pounds of unfunded tax cuts announced last week, and seriously undermines the authority of both the Prime Minister Liz Truss and Chancellor of the Exchequer Kwasi Kwarteng. Also helping sentiment was Australia’s central bank raising interest rates by a smaller-than-expected 25 basis points earlier Tuesday. The economic d...