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A potentially big week ahead for stocks- Nikkei 225 surges back towards 40k

The 3 major US stock market indexes all closed lower on Friday. The worst performing index in percentage terms was the Nasdaq 100, which closed 1.15% lower, at 17,808. That compared to losses on the S+P 500 of 0.65% and 0.49% on the Dow Jones. The 206 point loss on the Nasdaq 100 was above the earlier session low at 17,764. The index was negatively impacted by the gains seen in US yields on Friday and of course we have the Fed monetary policy decision at 6pm GMT on Wednesday. There will be plenty to add on that over the next coupe of days. Overnight the Asian markets have been led higher by a surge in the Nikkei 225, of more than 2.5%. That has seen the index press back towards the 40k handle. The gains there come amid an earlier unscheduled round of BOJ bond buying and that has helped the Yen to remain on the back foot. It has also helped the Chinese markets higher. Those markets have gained after some much stronger than forecast industrial production data, released earlier on. The gains in the Nikkei have also helped to lift European and US futures ahead of the European opening 
 

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