The Nikkei 225 was up around 1.5% and the Topix hit a record high this morning after Japan’s prime minister resigned over the weekend. It’s hoped that a new regime should provide greater longer-term policy and political stability, and a more conducive pro-growth environment for the equities market. Asia’s stock markets rallied after the US jobs report on Friday provided further justification for data-based Fed rate cuts.At the start of a big week including inflation data, a vote of confidence in the French government and the September ECB meeting, Mensur Pocinci, Head of Technical Analysis, explains why he believes that there’s room for both US equities and the price of gold to rally further and for US Treasury yields to keep falling.
Would you like to support this show? Please leave us a review and star rating on Apple Podcasts, Spotify or wherever you get your podcasts.