Japan's Nikkei rallies as BoJ independence is put into question

As Japan wasn't a direct target of criticism for its monetary policy intentions at the G20 meeting, the Yen started the week weaker, lending Nikkei Stock Average the opportunity to rally, by +2.09%, as Prime Minister Abe suggested to the Parliament that he considers removing the BoJ’s independence should the central bank fail to achieve 2% inflation. China's Shanghai Composite eased -0.22% and Hong Kong's Hang Seng dropped -0.24%, while Australia's S&P/ASX 200 rose +0.59% and South Korea's Kospi gained +0.04%.

Futures for the German DAX 30 (+0.22%) and the French CAC 40 (+0.01%) are signaling a higher opening ahead of EMU current account and ECB Draghi's speech.