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Chinese New Year driving a benign start to the week
With China celebrating New Year and oil slightly higher, it is a relatively benign start to the trading week for traders. Markets have a fairly settled look to them, with a reasonable amount of positivity to kick us off. The fact that it is the Lunar New Year means that many Asian markets will be closed, with China on public holiday all week. This means that volumes will be lighter in the coming days and the steer less certain from Asian in the mornings. Today’s lead from Japan and Australia has been mixed with Japanese equities benefitting from a weakening yen as the Nikkei 225 has rallied 1.1%. The legacy of ... (full story)