Archives of “Global Indices” category

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Nikkei 225 closes lower by 0.46% at 28,991.89

  
Analysis, Global Indices

Asian equities more subdued in trading today

The Topix also closes down by 0.8% as Japanese equities stay rather sluggish despite gains in Wall Street overnight. Elsewhere, the Hang Seng is up 0.1% while the Shanghai Composite is down 0.1% ahead of the closing stages.
The 100-day moving average for the Nikkei holds close to 28,600 and that will be one to watch this week in case Japanese stocks remain more sluggish for the time being.

European major indices close lower on the day

  
Analysis, Global Indices

German Dax -0.3%

The major European indices are closing the day lower. A snapshot of the provisional closes shows:

  • German Dax, -0.3%
  • France’s CAC, -0.1%
  • UK FTSE 100 , -0.1%
  • Spain’s Ibex, -0.4%
  • Italy’s FTSE MIB, -0.1%
The this is are lower but off lowest levels of the day. The low percentage changes intraday showed:
  • German Dax -1.04%
  • Frances CAC, -0.64%
  • UK’s FTSE 100, -0.69%
  • Spain’s Ibex -1.0%
  • Italy’s FTSE MIB, -0.71%
For the week, the major indices are closing lower (Spain’s Ibex was near unchanged).
  • German Dax, -1.1%
  • France’s CAC, -0.47%
  • UK’s FTSE 100, -1.22%
  • Spain’s Ibex, unchanged
  • Italy’s FTSE MIB, -1.5%
As European/London traders look to exit, a snapshot of the market currently shows:
  • Spot gold, Monday $6.27 or -0.34% of $1777.70
  • WTI crude oil futures up $0.40 or 0.65% at $61.80
  • Bitcoin is down $1700 or -3.25% at $49,910 in volatile trading
in the US stock market, the NASDAQ is soaring to the upside and leading the indices higher:
  • S&P index is up 40.73 points or 0.99% at 4175.70
  • NASDAQ is up 190 points or 1.38% at 14008.18
  • Dow is up 169 points or 0.5% at 33985
In the US debt market, yields are higher but off the highest levels. The 10 year yield is up 1.8 basis points after being up near 4 basis points at the highs.
US yields are higher but off the highs levels

Eurostoxx futures +0.6% in early European trading

  
Analysis, Global Indices

Positive tones observed in early trades

  • German DAX futures +0.5%
  • UK FTSE futures +0.5%
This builds on the gains from yesterday, as European equities are still clawing back the deep losses sustained on Tuesday. The more positive mood here also in part reflects some catch up to the surge in US equities – which closed at the highs.
US futures are looking rather flattish so far to start the session, while Treasury yields are a touch lower with 10-year yields down 2 bps to 1.535%.

Nikkei 225 closes higher by 2.38% at 29,188.17

  
Analysis, Global Indices

A solid rebound for Japanese stocks

The Topix also climbs 1.8% on the day amid the surge in US equities overnight and the BOJ stepping in for the first time this month with ETF purchases yesterday.
The bounce here sees both the Nikkei and Topix move off its 100-day moving average to keep above the key technical level for the time being.
Elsewhere in the region, the Hang Seng is up 0.6% while the Shanghai Composite is down 0.3% in a bit more of a mixed mood. US futures are flattish as we look to get into European morning trade.

Nikkei 225 closes flat to kick start the new week

  
Analysis, Global Indices

Chinese stocks lead gains in Asia

The Nikkei closes pretty much flat (+0.01%) on the day at 29,685.37 with the Topix seen down 0.2% to 1,956.56 at the close today. The sentiment mirrors a more tepid mood in US futures, though Chinese equities are faring well in Asian trading.
The Hang Seng is up 0.6% while the Shanghai Composite is seen up 1.3% as investors take comfort in easing worries surrounding Huarong’s debt problems.
S&P 500 futures are seen down 0.1%, Dow futures down 0.3%, while Nasdaq futures are up 0.1% in a bit of a mixed performance ahead of European trading.

European shares end the day/week higher

  
Analysis, Global Indices

German Dax makes new all time highs

The German Dax broke higher today and in the process moved to a new all time high at 15473.83.  The price of the index had been waffling up and down over the last 8 trading days in a non-trending market before breaking higher and running to the upside.
German Dax makes new all time highs
France’s CAC also moved to new highs for the week and trades at the highest level since December 2000.  The high price reached 6299.56.  The new high close is at 6287.07.
A look at the final numbers shows:
  • German DAX, +1.34%
  • Francis CAC, +0.85%
  • UKs FTSE 100, +0.5%
  • Spain’s Ibex +0.5%
  • Italy’s FTSE MIB, +0.88%
European shares
For the week, the France’s CAC led the way with a gain of 1.91%. The final numbers for the week show:

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Nikkei 225 closes higher by 0.14% at 29,683.37

  
Analysis, Global Indices

Asian equities climb towards the end of the week

The Topix is also seen up 0.1% as stocks in Asia are buoyed by the gains in Wall Street overnight, though the gains in Japan are relatively mild. Elsewhere, China’s record GDP data, though failing to impress, is enough to keep sentiment buoyed as well.

Both the Hang Seng and Shanghai Composite indices are up 0.9% currently.
Elsewhere, US futures are pulling back a little after the gains yesterday amid some stabilisation in Treasury yields. S&P 500 futures are seen down 0.1%.

Nikkei 225 closes lower by 0.44% at 29,620.99

  
Analysis, Global Indices

A mixed day for Asian equities

Japanese stocks are still plagued by some worries surrounding the virus situation in the country, as infections are surging in recent weeks. Elsewhere, the Hang Seng is up 1.4% while the Shanghai Composite is up 0.7% currently.
Overall, equities sentiment is rather buoyed from the shove lower in yields yesterday. The S&P 500 closed 0.3% higher and the Nasdaq closed 1% higher, helping to buoy sentiment in Asia and as we look towards European morning trade today.

European shares end with mixed results

  
Analysis, Global Indices

France’s CAC up 0.4%

The major European indices are ending the day with mixed results.  A look at the provisional closes showing:
  • German Dax, +0.15%
  • Frances CAC, +0.4%
  • UK’s FTSE 100, unchanged
  • Spain’s Ibex, unchanged
  • Italy’s FTSE MIB, +0.5%
In other markets as London/European traders look to exit for the day:
  • Spot gold his trading up $11 or 0.64% at $1743.81.
  • Spot silver is trading up $0.54 or 2.18% $25.35
  • WTI crude oil futures are trading up $0.59 or 0.99% at $60.29
  • Bitcoin is soaring by $3650 or 6.1% at $63,665.  Coinbase will be going public tomorrow and that has helped to push of bitcoin in anticipation of a stellar IPO.
In the US debt market, yields are mostly lower ahead of the 30 year bond auction. The 30 year yield is marginally higher ahead of that auction.

France's CAC up 0.4%In the forex market, the major currencies have scrunched together with the EUR holding onto a slim lead as the strongest of the majors. The GBP is the weakest (followed by the USD). However, all the currencies are close together indicative of a market that is struggling with directional bias.

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