Tuesday, 17 November 2015

Markets shrug off Paris attack, Japan back in recession

After early jitters on Monday, markets mostly ended the day up.

The S&P 500 closed 1.5 percent higher while the STOXX Europe 600 reversed early losses to close 0.3 percent higher.

Safe havens like gold, the US dollar and the Japanese yen also rose.

The yen rose despite a report on Monday showing that the Japanese economy shrank an annualised 0.8 percent in July-September, marking a second straight quarter of contraction, technically putting Japan in recession.

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