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Japan’s Nikkei gains 11.4% in April, China closed today

FXstreet.com (Barcelona) - Despite profit taking at the last day of the month, by -0.15%, Japan’s Nikkei Stock Average still had the best April in 20 years (+11.4%) due to BoJ policy announcement in April 4th. Mainland China’s Shanghai Composite was closed for Ching Ming Festival, but Hong Kong’s Hang Seng rose +0.71%, while South Korea’s Kospi gained +1.19% and India’s Bombay Composite edged higher by +0.11%.

Futures for the German DAX 30 (+0.09%) and the French CAC 40 (+0.12%) are signaling a higher opening ahead of labor market data in Germany and EMU, as well as EMU CPI. German retail sales are already out, down -0.3% in March (MoM) to an annualized drop from -2.6% to -2.8%, lower than market consensus of 0.0% (MoM) and -1.2% (YoY). The German GfK May consumer confidence rose from 6.0 to 6.2, beating 5.9 consensus.

Forex: GBP/USD below 1.5500 ahead of UK data

The sterling is posting marginal losses on Tuesday, trading below the key mark at 1.5500 ahead of a batch of data for the British economy: Consumer Credit, M4 Money Supply, Mortgage Approvals and Net Lending to Individuals....
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Forex: USD/JPY at lows of 97.70 after jump to 98.13 high

Today’s releases of Japan data triggered a jump back to 98.00 ground, to 98.13 high, but such momentum didn’t last long and the USD/JPY is now down at its lows, around 97.70.
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