Market Drivers – Asian Session 18-11-2021

The Nikkei index closed down 0.3% to 29,598.66 points but trimmed its losses significantly after the Japanese Nikkei newspaper reported that the country’s economic stimulus package would likely include fiscal spending of about 55.7 trillion yen ($488 billion). This exceeds market expectations of 30-40 trillion yen. The broader Topix index fell 0.14 percent to 2,035.52 points.

The benchmark Brent crude fell on Thursday, below the levels of 80 dollars, as it is trading at levels of 79.8 dollars, down 0.6 dollars.

The benchmark Brent crude has fluctuated between levels of $80.15 as a top and $79.6 as a bottom since trading began, and the current levels are the lowest since the beginning of last October.

The light US West Texas crude fell to levels of $ 77.6, a decline of 1%, with a loss of $ 0.77, reaching its lowest level since the beginning of October.