Nikkei close: 13,230.13 (up 1.66 per cent)
S&P close: 1,588.19 (down 2.5 per cent)
Dow Jones close: 14,758.32 (down 2.34 per cent)
FTSE close: 6,159.51 (down 2.98 per cent)
Gold spot: $1,292.2/oz
The Nikkei 225 index saw a remarkable turnaround during last night’s trading, recovering from a nine-month low to close up 1.66 per cent, with the dollar following against the yen. The Japanese markets will be eagerly awaiting Bank of Japan governor Haruhiko Kuroda’s press conference in Tokyo on monetary policy this morning to see where to go next.
Notice this morning that Nikkei outperformed other Asian stock markets - is Kuroda regaining credibility? I hope so.— Lars Christensen (@MaMoMVPY) June 20, 2013
Spot gold has also levelled out from its worst fall since the financial crisis, up 0.58 per cent to $1,292.40/oz after hitting its lowest point since September 2010 at $1,285/oz earlier.
US stocks were down more than two per cent at the close of the markets yesterday, with the S&P 500 enduring the biggest daily fall since November 2011. Even investors who weren't concerned by Bernanke's rather optimistic outlook on the economy when he mentioned that QE might come to an end have been spooked by others' behaviour.
Coming up today:
FlyBe final results for the year ended 31 March
0735: Bank of Japan governor press conference on monetary policies
0930: UK public sector net borrowing figures
1330: Canadian CPI and retail sales figures