Nikkei opens 0.7% lower, JGB’s higher

The Nikkei has opened down 0.7% and continued lower, currently down 1.4%. Exporters are lower on the back of a stronger Yen and after weak US consumer sentiment data has fuelled concerns once again about economic recovery.

JGB’s have taken the GDP data in their stride, with the September 10 year JGB futures up 0.2 points to 138.18, after hitting 138.20, the highest since end of July.