Bangkok
European shares opened higher after a mixed trading session in Asia on Thursday following another record close for the S&P 500.
Germany’s DAX added 0.1 per cent to 18,500.63. In Paris, the CAC 40 gained 0.4% to 8,240.07. In London, the FTSE 100 was up 0.3 per cent at 7,957.26.
The future for the S&P 500 was 0.1 per cent lower and that for the Dow Jones Industrial Average was little changed. The dollar rose to 151.45 yen from 151.30 yen. The euro slipped to USD 1.0803 from USD 1.0828.
As the yen continues to show vulnerability, market participants will be vigilant for any hints of possible intervention in the currency market by Japanese policymakers, Anderson Alves of ActivTrades said. The dollar bought 7.2286 yuan. It also has weakened against the dollar in recent weeks.
We continue to think that policymakers in China and Japan will do enough to keep their currencies from weakening much further, but the risk of a break lower in one, or both, is increasing, Jonas Goltermann of Capital Economics said in a report. In Tokyo, the Nikkei 225 lost 1.5 per cent to 40,168.07. The Kospi in Seoul also fell, shedding 0.3 per cent to 2,745.82.
