Nikkei opened on a positive note - ZENMoney

In US Markets, Major Indicies rose on optimistic view that the Federal Reserve will temper recent statements pointing to the future reduction of US monetary support. The Consumer prices rose slightly last month, the government said on Tuesday, giving the deflation-wary Fed some respite. The shares of industrial, technology and consumer discretionary companies rallied on expectations that the Fed will maintain its current level of bond purchases when it issues its policy statement Wednesday.

On the European front, The Britishbenchmark rose due to a rally in HSBC Holdings Plc and Standard Chartered Plc on speculation that China may cut interest rates to boost growth and as traders bought up beaten-down financial heavyweights in a cautious session ahead of a policy meeting of the US Federal Reserve. The Mixed European data supported the indicies further.

Nikkei opened on a positive note in the morning session on the back of overnight gains in US markets on optimism that the Federal Reserve would temper worries about an imminent roll back of its stimulus program along with a softer Yen.

Source : Equity Bulls

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