Asian markets have started this trading week in the green zone. The major reason is the news from Europe. Angela Merkel And Fracois Hollande met during the weekend. However, they failed to agree on when to start the eurozone banking regulator. Hollande wants it to be started as soon as possible while Merkel postpones the start.
The situation in the market looks as follows:
· MSCI Asia Pacific: -0,3%.
· Nikkei 225: -0,42%.
· S&P/ASX: -0,46%.
· Hang Seng: -0,05%.
The following chart, courtesy of , reflects the current state of affairs in the market of Nikkei 225:
Today, the index has broken below a major level of support – 9040. The next closest level of support is 9000.
