Japan futures trade volume increased 12% compared to yesterday, signaling active hedging ahead of European Central Bank announcements. Commodity-linked stocks in futures baskets outperform, as Brent crude prices stay above $84 per barrel, boosting energy sector sentiment. My childhood home was a three-bedroom terraced house with lovely parquet flooring and a lovely long garden on top of the North Downs in Chatham, Kent. A larger-than-expected drop could revive recession jitters, lifting expectations of multiple Fed rate cuts in the fourth quarter. However, traders should also focus on the sub-components, including employment and price trends. Japan futures traders are closely tracking industrial production data due later this week. A stronger-than-expected print could reinforce bullish sentiment and push index futures to retest recent highs.
