It was a sea of red for the European session ahead of ECB
stress test results due today. US stocks also started in red before
regaining their foothold and ended the session mixed. US weekly jobless
claims rose to 266K and its Jun trade deficit was also wider than
expected. We are in for a jittery session this morning ahead of BOJ
policy announcement at mid-day. Nikkei was last seen flat as investors
steered to the side-lines ahead of the policy announcement.
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