European equity close: Spain far out ahead

Closing changes for the main European bourses:

  • UK FTSE 100 -0.1%
  • German DAX +0.2%
  • Italy MIB +1.0%
  • France CAC +0.3%
  • Spain IBEX +2.1%
Spanish equities are telling a completely different story than what we’re hearing from the US.

Closing changes for the main European bourses:

Nikkei 225 closes higher by 1.70% at 22,573.66

A solid outing for Asian equities

Nikkei 04-08
Japanese stocks are closing higher on the back of a rally in US equities overnight, and exporter firms are also helped by a weaker yen with USD/JPY rising to 106.00.
Elsewhere, the Hang Seng is up 2% while the Shanghai Composite is up 0.5% as we approach the closing stages of the session. US futures are keeping closer to flat levels, with S&P 500 futures seen up 0.1% currently.
That is keeping the risk mood in markets more in-check as we look towards European trading. EUR/USD is little changed at 1.1765 while USD/JPY is mildly higher at 106.10.

European shares end the session with strong against

Major indices all rise

The provisional closes for the European markets are showing solid gains to start the week, led by the German DAX.

The provisional closes are showing:
  • German DAX, +2.9%
  • France’s CAC, +2.2%
  • UK’s FTSE 100, +2.4%
  • Spain’s Ibex, +3.6%

Nikkei 225 closes higher by 2.24% at 22,195.38

A good start to the week for Japanese stocks

A good start to the week for Japanese stocks
The more positive mood from US trading at the end of last week is helping somewhat, but also the fact that we saw a modest drop in the yen against the dollar and that is contributing to a better mood among exporter firms to start the week.
Elsewhere, the mood in Asia is more mixed with the Hang Seng down 0.7% while the Shanghai Composite is up 1.4%. US futures are more flat ahead of European trading.
That is keeping the risk mood more tepid for the time being, with major currencies observing little change in general. The franc is a little lower though to start the day, still coming off fresh five-year highs against the dollar on Thursday last week.

European indices end the day in the red

Indices close near lows for the day

The European indices are ending the day lower and also closing near the lows for the day.
The provisional closes are showing:
  • German DAX, -0.5%
  • France’s CAC, -1.4%
  • UK’s FTSE 100, -1.1%
  • Spain’s Ibex, -1.7%
  • Italy’s FTSE MIB, -0.7%
For the week, the indices are down sharply:
  • German DAX -4.0%
  • France’s CAC -3.49%
  • UK’s FTSE 100, -3.25%
  • Spain’s Ibex, -5.7%
  • Italy’s FTSE MIB, -4.9%
For the month, the German DAX closed near unchanged. The other indices were lower:
  • German DAX, unchanged
  • France’s CAC, -3.1%
  • UK’s FTSE 100, -4%
  • Spain’s Ibex, -4.9%
  • Italy’s FTSE MIB, -1.46%

In the benchmark 10 year yields today, yields have moved back higher after being negative at the start of the North American session

Indices close near lows for the day

Nikkei 225 closes lower by 2.82% at 21,710.00

A rough end to the week for Japanese stocks

Nikkei 31-07

The Nikkei is ending the week on a softer note, as fears surrounding domestic and global growth are still evident amid the escalating virus situation in Japan and the US. The stronger yen also weighed on exporters as we see USD/JPY fall to 104.00 levels.

On the week, the Nikkei is seen down by over 4%.

Elsewhere, the Hang Seng is down 0.3% while the Shanghai Composite is keeping higher by 0.2% in a bit of a mixed session for Chinese equities today.
The broader picture paints a more cautious and defensive risk tone in Asian trading this week. For today, US futures are keeping calmer near flat levels but Nasdaq futures are higher after earnings beats from key tech giants overnight.
In the currencies space, the dollar is still among the laggards as we see EUR/USD inch towards 1.1900 and cable looking to keep a break above 1.3100.

European equity close: Watch and wait ahead of the Fed

Closing changes for the main bourses:

  • UK FTSE 100 flat
  • German DAX flat
  • French CAC +0.7%
  • Italy MIB -0.3%
  • Spain IBEX -0.4%
Italian stocks have backtracked after trying to break out in the middle of the month.