5 Sep 2013
Nikkei is flat at break; Shanghai bleeds
FXstreet.com (Chicago) – The Nikkei 225 is flat after giving in small gains after the Bank of Japan’s decision to maintain 0.1% interest rates and fuel the monetary base with 60-70 trillion annual increases until reaching a 2% inflation target.
In Japan, the BoJ policy meeting conclusions were no surprising and the 60-70 trillion annual increases in monetary base will be executed as planned. The bank stated that the country is making a moderate recovery.
In China, the Hang Seng is up 1.33% while the Shanghai Composite is down 0.41%, halting the longest equities rally in one month. The S&P/ASX 200 is down 0.41% and the Sensex in Mumbai is up 1.83%.
In Japan, the BoJ policy meeting conclusions were no surprising and the 60-70 trillion annual increases in monetary base will be executed as planned. The bank stated that the country is making a moderate recovery.
In China, the Hang Seng is up 1.33% while the Shanghai Composite is down 0.41%, halting the longest equities rally in one month. The S&P/ASX 200 is down 0.41% and the Sensex in Mumbai is up 1.83%.