Nikkei 225 Closes Lower By 0.43% At 22,418.15

Published date: .

Nikkei 06-08

Asian stocks are on the retreat in trading today as investors continue to weigh up the virus situation globally as well as the stalemate between US lawmakers on a stimulus deal, alongside the more exuberant mood in Wall Street overnight.

The better mood from US equities isn't quite translating over with the Hang Seng seen down 1.6% while the Shanghai Composite is also down by 0.8% currently.

That said, the mood in US futures are more calm with S&P 500 futures up ~0.1% but off earlier highs in Asia Pacific trading. All eyes will be on Congress and whether or not they can reach a stimulus deal ahead of the weekend, though optimism is slowly fading.

In the currencies space, the dollar is still keeping a little weaker with EUR/USD up to 1.1885 though keeping in a narrower range for the day - only 23 pips up to 1.1900, extending gains following the BOE decision.