Archives of “August 2019” month

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Nikkei 225 closes higher by 0.96% at 20,456.08

  
Analysis, Global Indices

Tokyo’s main index closes higher as Asian equities feed off optimism from US stocks in overnight trading for the most part

Nikkei 27-08

However, equities are finishing the session off the highs as the positive vibes from overnight trading is somewhat tempered by a more subdued mood in trading today. Hong Kong stocks are weighed lower amid domestic worries as the protests in the city continue.

The Hang Seng index is lower by 0.3% while the Shanghai Composite holds higher by 1.3% currently. US futures are trading weaker by 0.2% so that is also weighing a bit on sentiment as we begin European trading.
Treasury yields are at their lows for the day with 10-year yields weaker by 2.5 bps to 1.51% and that is feeding to a stronger yen with USD/JPY now at 105.68 close to session lows. Expect the risk mood to be a key factor influencing trading sentiment today once again.

US Senators warns not to invest in Chinese companies

  
  Analysis
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U.S. senators have said a retirement fund for federal employees should not invest in China.

The Federal Retirement Thrift Investment Board plans to switch to an MSCI index with Chinese companies.
  • But the Senators say this would “expose nearly $50 billion in retirement assets of federal government employees, including members of the U.S. Armed Forces, to severe and undisclosed material risks” from corporate ties to the Chinese government.
All part of the trade war merry-go-round.

US stocks close near the day highs

  
Analysis, US Market

Nasdaq leads the way up 1.32%

The broader US indices are closing near the highs for the day, with the Nasdaq leading the way.
The closes are showing:
  • The S&P is closing up 31.27 points or 1.10% at 2878.38. The high reached 2879.27. The low reached 2856.00
  • The Nasdaq is closing up 101.96 points or 1.32% at 7853.73. The high reached 7856.04. The low reached 7789.047
  • The Dow is closing up 269.93 points or 1.05% at 25898.83.  The high reached 25941.25. The low reached 25716.39
Below are the % changes, high and low for the North American and European indices today.

Nasdaq leads the way up 1.32%Some winners today include:

  • Beyond Meat (KFC will start serving meatless chicken), thousand 5.64%
  • Bristol-Myers Squibb, +3.35%
  • Celgene, +3.2%
  • Amgen, +3.18%
  • Chipotle, +2.66%
  • AMD, +2.51%
  • Adobe, +2.23%
  • Walt Disney, +2.22%
  • Morgan Stanley, +2.14%
  • Apple, +1.90%
  • Broeadcom, +1.87%
  • Goldman Sachs, +1.76%
  • Tesla, +1.70%
  • MasterCard, +1.67%
  • Facebook, +1.55%
  • Microsoft, +1.54%
Big losers on the day include:
  • Phillip Morris, -4.27%
  • DuPont, -2.64%
  • Alcoa, -1.83%
  • Schlumberger, -1.37%
  • Qualcomm, -0.83%
  • Tilray, -0.32%
  • Tencent, -0.24%

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European shares end day with gains

  
Analysis, Global Indices

German Dax up 0.4%.

The major European indices are ending the session with gains after earlier declines.
  • German DAX, +0.4%
  • France’s CAC, +0.4%
  • Spains Ibex, +0.7%
  • Italy’s FTSE MIB, +0.99%.
  • Portugal PSI 20, +0.33%
A snapshot of the US market as European traders look to exit show:
  • S&P index +0.8%
  • NASDAQ composite index, +0.98%
  • Dow industrial average, +0.82%
in other markets:
  • spot gold is up 0.23% or $3.50 at $1530.40
  • WTI crude oil futures trading up 0.41% or $0.22 at $54.39
In the European 10 year note sector yields are trading little changed on the day:
  • Germany, -0.668%, unchanged
  • France -0.377%, unchanged
  • Spain 0.129%, -1.0 basis points
  • Italy 1.326%, +1.0 basis points
  • Portugal 0.165%, unchanged
In the US debt market yields are trading lower by  -1.1 to -2.3 bps
  • two year 1.52%, -1.2 basis points
  • five year 1.394%, -2.3 basis points
  • 10 year 1.514%, -2.0 basis points
  • 30 year 2.013%, -1.1 basis points

The UK is off on holiday today. Stock and bond markets are closed.

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