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Markets Update , Feb 6



  • Nikkei Raises as banks climbs on Trump´s deregulation hopes
  • European bourses flat: deregulation hopes underpin Banks


Hopes for regulatory reform are helping financial stocks stand out in Europe as well as in Asia; the momentum on world stock markets from US jobs data fades. US Futures predicts record start point for the S&P 500, the dollar gaining against euro and sterling.

Japan’s broad Topix rose 0.4 per cent as a weaker yen gave exporters a lift, while Hong Kong’s Hang Seng advanced 1 per cent. On the mainland China’s Shanghai Composite added 0.6 per cent.

Political risks in Europe are denting in the confidence of investors as caution is creeping through bond and currencies, after French Presidency candidate Marine Le Pen unveiled manifesto pledge to take France out of the euro single market currency.

The divergence between French and German bond yields became more pronounced, with the spread at the widest since 2013.

Launching her campaign for the Elysee in Lyon yesterday, Marine Le Pen promised to halt the forces of globalisation, pull France out of the eurozone, and end “uncontrolled immigration” three months ahead of the country’s key election, FT reports.


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