Yen at 34-year lows against the dollar. Japanese Finance Minister Threatens Intervention – Markets in a Minute

European futures slightly lower. Mixed Asia

The main European indices are pointing to a slightly lower start to the session this Wednesday, after yesterday the European reference index, Stoxx 600, reached historic highs of 511.37 points and also closed at the highest value of ever.

Euro Stoxx 50 futures slip 0.1%.

In Asia, the session was mixed, with Chinese indices recording losses after some company results were released that were below expectations.

On the positive side, Japanese markets traded higher, after the yen reached 34-year lows against the dollar. The Japanese currency recovered some lost ground after the most recent warning by a Japanese executive of an intervention in the foreign exchange market.

The Japanese Nikkei is one of the few Asian indices that has managed to replicate the “rally” on Wall Street, rising more than 20% since the beginning of the year and on its way to one of the best quarters ever.

In China, the Hang Seng, in Hong Kong, fell 1.46% and the Shanghai Composite fell 1.26%. In Japan, the Nikkei gained 0.9% and the Topix added 0.66%, while in South Korea, the Kospi lost 0.07%.