Nikkei225 rebounds 2.5% after new PM warned BoJ against raising rates
•The Nikkei225 SGX December futures is trading 2.5% higher at 38,730 as of 10:38AM, after new Japanese Prime Minister Ishiba said that Japan wasn’t ready for higher borrowing costs for the time being following his meeting with Bank of Japan Governor Ueda.
•The BOJ holds its next policy meeting later this month but is already widely expected to hold rates given its recent cautious signals and the timing of general election called by Ishiba.
•According to Bloomberg, a survey last month showed that 53% of economists forecast the BOJ to push up interest rates for the third time this year in December. But that outlook has now been thrown into doubt.
•The yen slid on Ishiba's comments while the Nikkei225 futures have rebounded back above the 38,000 level
•Investors keen to trade the short-term moves in the Nikkei225 may wish to consider Macquarie Warrants Malaysia's focus Nikkei225 warrants listed in the image for their ability to magnify the moves in the underlying index whilst requiring a smaller capital outlay.
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Macquarie, a leading warrant issuer in Asia, provides state-of-the-art market making, education on warrants, and an array of tools for warrant traders. Macquarie Warrants Malaysia issues and market makes structured warrants listed on Bursa Malaysia. The content on this channel has not been reviewed by the Securities Commission Malaysia | Contact: 03-20598840 | Disclaimer : bit.ly/MQdisclaimer
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