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An Update :US Dollar Index ,Euro ,INR ,YEN ,GBP ,CAD ,AUD ,CRUDE ,GOLD ,SILVER ,DJIA ,SPX ,Nasdaq Composite -Anirudh Sethi

  
Analysis, Crude, Forex, Global Indices, Gold / Silver
The Federal Reserve was more dovish than expected, but that did not stop the dollar from appreciating against most of the major currencies last week.  Even the Norwegian krone, which one would have thought would have been better supported following the central bank’s rate hike, closed lower on the week. Among the majors, the yen and Swiss franc were resilient in the face of the dollar’s strength.
The dollar also rose against many of the high-beta emerging market currencies, like the Turkish lira, the South African rand, the Hungarian forint, and Argentina’s peso.   The Mexican peso was an exception.  It had rallied nearly 1.8% until surrendering 2/3 ahead of the weekend, managing to close 0.6% stronger.  The Indian rupee gained for the fifth consecutive week, but the momentum appears to be fading, setting the stage for a near-term pullback.  The Hong Kong Monetary Authority intervened last week to further weakness, and helped by the fall in US yields, saw some success by the end of the week.  The Hong Kong dollar gained 0.03% against the US dollar last week.
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Nikkei 225 closes higher by 0.20% at 21,608.92

  
Analysis, Global Indices

Tokyo’s main index closes slightly higher in a softer session for Asian equities

Nikkei 20-03
The Nikkei is bucking the trend on the day as equities are a tad softer in Asian trading, with Chinese stocks leading losses so far. Japanese stocks recovered from their earlier dip but gains aren’t really too notable as markets are cautious ahead of the FOMC meeting decision that is to come later today.
That said, Chinese equities are down by quite a bit with the Shanghai Composite lower by 1.1% currently. Overall risk sentiment remains rather muted though with US equity futures trading at flat levels and I would expect European equities to follow suit as well.
Risk sentiment isn’t lending much help for currencies in terms of direction but we’ll most likely have more of an idea after the Fed. USD/JPY holds higher at 111.56 currently as the dollar is slightly on the front foot ahead of European trading.

European shares end the session mostly higher. German Dax lags.

  
Analysis, Global Indices

10 year yields are lower

The major European shares are ending the session mostly higher with German Dax lagging.
The provisional closes are showing:
  • German DAX, -0.2%
  • France’s CAC, +0.1%
  • UK’s FTSE, +0.9%
  • Spain’s Ibex, +0.9%
  • Italy’s FTSE MIB, +0.9%
In the benchmark 10 year note sector yields are lower. German yields are down marginally.  Spain, Italy and Portugal are down more as growth, inflation and the prospect for more ECB stimulus sends yields lower.

China stocks climb to 10-month high ahead of Fed meeting

  
Analysis, Global Indices
Chinese stocks closed at the highest level in almost 10 months on Monday, posting the biggest gains in Asia as investors await further clues from US Federal Reserve this week as to whether it will continue its wait and see approach.The CSI 300 closed up 2.9 per cent, its largest one-day gain since late February, and pushing the index to its highest level since May. Consumer cyclicals were among the best performers on the index, rising 5.6 per cent while healthcare stocks gained 4.5 per cent.The index is now 27.9 per cent higher for the year to date.

Nikkei 225 closes higher by 0.62% at 21,584.50

  
Analysis, Global Indices

Tokyo’s main index climbs as tech stocks rise following Wall St rally

Nikkei 18-03
Chip-related stocks were the ones leading the charge for the Nikkei, fueled by gains seen in Wall Street last Friday. However, the slightly weaker Japanese trade balance report earlier is helping to temper gains seen on the day.
That said, risk sentiment remains positive as we’re seeing Chinese stocks post solid gains as well. The Shanghai Composite is up by 1.6% on the day currently. It’ll be a big week for equities which will be dominated by central bank proceedings with the Fed set to meet on Wednesday.
The FOMC meeting will be a key focus for equities/risk in the coming sessions so just be wary of that. In the mean time, the more optimistic tones to start the week is still helping the aussie and kiwi keep up with gains as we gear towards European trading.

European stocks end the week with solid gains

  
Analysis, Global Indices

All major indices are higher

I must be out of synch because of the time change this week, but not to be forgotten, the European shares have ended the week with solid gains.
  • German Dax, +0.85%
  • France’s CAC rose 1.04%
  • UK FTSE, +0.6%
  • Spain’s Ibex +1.44%
  • Italy’s FTSE MIB, +0.8%
  • Portugals PSI20 bucked the trend by falling -0.60%
For the week:
  • German Dax, +1.99%
  • France’s CAC +3.33%
  • UK FTSE +1.74%
  • Spain’s Ibex, +2.33%
  • Italy’s FTSE MIB +2.74%
  • Portugal’s PSI 20 rose 1.14%

European shares end higher

  
Analysis, Global Indices

Yields are mixed

The provisional closes for the European stock markets are showing mostly higher levels on the day. The numbers are showing:
  • German DAX, +0.20%
  • France’s CAC. +0.86%
  • UK’s FTSE, +0.42%
  • Spain’s Ibex. +0.28%
  • Italy’s FTSE MIB, +0.62%
IN the 10 year benchmark note market, yields are ending the session mixed.
Yields are mixed in the EUUS yields are showing a steepening of the yield curve today with the 2 year down -0.6 bps and the 30 year up 2.8 bps.
US yields are steepening the yield curve today

Nikkei 225 closes 0.47% higher at 21,125.09

  
Analysis, Global Indices

Tokyo’s main index climbs in mixed Asian trading

Nikkei 11-03
Japanese stocks were mostly more buoyant despite mixed tones in Asian equities today, as the major benchmarks in the region rose while smaller indices posted declines. The Nikkei is mainly taking a cue from better Chinese stocks – Hang Seng in particular is boosted by tech and insurance stocks, helping sentiment.
There isn’t much else to gather from the mixed tones in Asia as risk sentiment remains rather tepid. US equity futures are trading flat on the day so far and the late recovery in Friday trade should see European equities open around flat to mildly higher levels, given the backdrop of a more positive session for Chinese stocks.
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