Nikkei Up on Yen Losses, Europe Seen Flat

Japanese stocks rallied as the yen weakened before the U.S. Federal Reserve’s meeting this week, while Chinese stocks reversed earlier declines amid strong economic data. European stock index futures were little changed.

The yen traded near its weakest in 10 months against the dollar as the Fed begins a two-day policy meeting. Shares in Shanghai rallied and yuan government bonds declined after China’s official data showed stronger-than-expected industrial output and retail sales. Sovereign debt in most other markets snapped declines as oil failed to build on a rally spurred by OPEC’s deal with rivals to curb production.

Bloomberg

XAU/USD – Gold Starts Week With Gains, Fed Meeting Looms

Monte Paschi Desperately Seeking Funding as Deadline Looms

MS

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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.