Nikkei 225 starts the week on a firmer note, erases losses for the year

Asian equities mixed after Chinese Q3 GDP data earlier

Nikkei 19-10

Japanese stocks are tracking US futures more closely, as the Nikkei closes up by over 1% to post its strongest daily close since February. S&P 500 futures are seen up by 0.6% on stimulus hopes so that is feeding into the more positive risk vibes for now.

The close also sees the Nikkei erase its losses for the year, now up by 0.06% in 2020.

Elsewhere, the Hang Seng is up by 0.6% but mainland Chinese equities are lower with the Shanghai Composite down 0.5% following China Q3 growth numbers earlier.

The risk mood is tilted slightly towards the more optimistic side ahead of European trading but hopes for a pre-election stimulus is almost certainly going to fall flat and that might temper with the risk mood in the coming sessions, so just be mindful of that.

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