"Japan's Nikkei reached fresh records, with a stunning surge as investors cheered the certainty of policy ahead after Prime Minister Takaichi's Liberal Democratic party secured a two-thirds supermajority in the elections. Election fever has taken hold amid big hopes that her pro-business agenda will help revitalise growth. But the big tax cuts planned risk pushing up inflationary pressures and raise questions about the sustainability of Japan's debt pile."
"Gold has risen back above $5000 as safe haven demand continues and investors take the opportunity to buy in as the dollar weakens again. The precious metal continues to be sought after by central banks, like the People's Bank of China which increased its purchases yet again in January. The greenback has come under a bit more pressure as the wait-and-see game over what's ahead for the US economy continues."
Big swings in sentiment are on the up, with the FTSE 100 jumping on optimism and trading higher. A rebound on Wall Street eased pessimism, but concerns linger about overheated valuations and a potential rude awakening. Japan's Nikkei hit fresh records after Prime Minister Takaichi's Liberal Democratic party won a two-thirds supermajority, raising hopes that pro‑business policies will spur growth. Planned large tax cuts risk boosting inflation and challenge the sustainability of Japan's debt. Risk appetite has increased, with crypto partially recovering, yet tech disruption and volatility could curb further buying. Gold climbed above $5,000 as central bank purchases, including China's, and a weaker dollar drove safe‑haven demand. NatWest agreed to buy Evelyn Partners for £2.7 billion.
Read at London Business News | Londonlovesbusiness.com
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