Archives of “Global Indices” category

rss

European shares end higher. The weeks changes are mixed

  
Analysis, Global Indices

Italy’s FTSE MIB the biggest gainer

The European shares are ending the session higher but with mixed results. The provisional closes are showing:
  • German DAX +0.02%
  • France’s CAC, +0.6%
  • UK’s FTSE 100, +0.8%
  • Spain’s Ibex, +0.2%
  • Italy’s FTSE MIB, +0.4%
For the week, the results were mixed with Italy’s FTSE MIB and UK FTSE the biggest gainers (cheering on Draghi government and hopes for a bounce in the UK economy as Covid risks decrease).  See Italy’s FTSE MIB chart below.
  • German DAX, unchanged
  • France’s CAC, +0.75%
  • UK’s FTSE 100, +1.35%
  • Spain’s Ibex, -1.9%
  • Italy’s FTSE MIB, +1.35%
Italy's FTSE MIB the biggest gainer_

Nikkei 225 closes lower by 0.14% at 29,520.07

  
Analysis, Global Indices

A more tepid end to the week for Japanese stocks

Nikkei 12-02
The equities momentum appears to be pausing for breath towards the latter stages of the week, with S&P 500 futures also seen down 0.1% so far today.
On the week though, the Nikkei posted another 2.6% gains as it stays on the hunt to hit the 30,000 mark – keeping at its highest levels since August 1990 this week.
In the major currencies space, things are mostly little changed as the market continues to figure itself out ahead of the long weekend in the US.
USD/JPY is a touch higher around 104.85 but just be mindful that large expiries rolling off today may keep upside limited just below the 105.00 handle.

Nikkei 225 closes higher by 0.19% at 29,562.93

  
Analysis, Global Indices

Asian equities keep up the advance on the week

Nikkei 10-02
The Nikkei posted slight gains after a mostly lackadaisical session, though the Hang Seng is up 1.6% and the Shanghai Composite is up by 1.1% on the day.
The rally in Wall Street met a bit of a pause yesterday but risk sentiment remains somewhat buoyed with S&P 500 futures keeping ~0.4% higher so far today.
As things stand, the Nikkei looks set to eventually breach 30,000 and that argument is bolstered by the continued ETF purchases by the BOJ – despite policymakers coming out to defend that they have “nothing” to do with the jump in stock prices.

European shares end mostly lower

  
Analysis, Global Indices

France’s CAC unchanged. UK’s FTSE up marginally

The European shares are ending the session lower. The exceptions are France’s CAC which is closing near unchanged levels for the day. The UK’s FTSE 100 is up marginally by 0.13%.  The provisional closes are showing

  • German DAX, -0.38%
  • France’s CAC, unchanged
  • UK’s FTSE 100, up 0.13%
  • Spain’s Ibex, -1.2%
  • Italy’s FTSE MIB, -0.5%
in other markets as London/European traders look to exit:
  • spot gold is trading up around $7 or 0.39% of $1838
  • spot silver is trading up $0.05 or 0.18% at $27.32
  • WTI crude oil futures are trading up $0.08 or 0.14% $58.05
  • The price of bitcoin is now up $2200 or 4.9% of $46,889. The high price reached $48,200. The low price extended to $44,300
in the US stock market, the NASDAQ has been trading above and below the 0 level (mostly higher though). The S&P index and Dow industrial average have remained negative for the day.
  • S&P -5 points or -0.13% 3910.58
  • NASDAQ index +28.5 points or 0.2% at 14016.7
  • Dow -24.7 points or is -0.08% the 31360
US yields remain on the downside today.
  • 2 year 0.111%, unchanged
  • 5 year 0.467%, -1.1 basis points
  • 10 year 1.139%, -3.0 basis points
  • 30 year 1.925%, -2.7 basis points

Nikkei 225 closes higher by 0.40% at 29,505.93

  
Analysis, Global Indices

The Nikkei extends its run higher to start the week

Nikkei 09-02
After a more tepid start, Japanese stocks are finishing the day on a stronger note with Asian equities taking heart from record closes in Wall Street once again.
The Hang Seng is up 0.4% while the Shanghai Composite is up 1.6%. US futures though, are keeping flatter and little changed as we look towards European trading.
Meanwhile, the selloff in the bond market is meeting a pause as yields slump a little on the day. 10-year Treasury yields are down 1.5 bps to 1.155%.

Nikkei 225 closes higher by 2.12% at 29,388.50

  
Analysis, Global Indices

The Nikkei posts its highest close since August 1990

Nikkei 08-02

Asian equities are buoyed by US stimulus hopes, with Japanese stocks helped by stronger corporate earnings and also a report suggesting that state of emergency measures may be lifted in Japan after a new law has been passed.
The latter sees Japan pass a law allowing for fines against social distancing violators and that may allow local governments to curb the virus spread without the need for prefecture-wide restrictions as we are seeing now.
Elsewhere, the Hang Seng is up 0.3% and the Shanghai Composite is up 1.0% going into the closing stages. S&P 500 futures are up 0.4% currently.

European shares end mixed. Italy, Spain leads the way this week

  
Analysis, Global Indices

German DAX falls slightly breaking the 4 day win streak. Italy and Spain have risen for 5 consecutive days

The European shares are ending the session with mixed results. Italy and Spain led the way today and in this week. Each of their indices increased every day this week.
A look at the provisional closes shows:
  • German DAX, -0.06%. That’s the 1st decline this week
  • France’s CAC, +0.82%
  • UK’s FTSE 100, -0.12%
  • Spain’s Ibex, +1.0%
  • Italy’s FTSE MIB, +0.7%
For the week provisional closes shows:
  • German DAX, +4.6%
  • France’s CAC, +4.6%
  • UK’s FTSE 100, +1.4%
  • Spain’s Ibex, +5.7%
  • Italy’s FTSE MIB, +7%
In other markets as European traders prepare to exit for the weekend shows:
  • spot gold is rebounding today at up $16.14 or 0.90% to $1810.24. The contract is just off the high price of $1811.38. The low price extended to $1792.19.
  • Spot silver is trading up $0.53 or 2.0% at $26.88. It’s high price reached $26.93. It’s low price extended to $26.20
  • WTI crude oil futures are trading up $0.66 or 1.17% $56.90. The high price has reached $57.29. The low price has extended to $56.43
  • Bitcoin is trading up $220 or 0.58% at $37892
In the forex, the AUD remains the strongest of the major currencies, while the USD has taken over as the weakest of the majors.  At the start of the New York session the US dollar was mixed to modestly lower with gains vs. the JPY and the NZD.  That trend has reversed on the back of the weaker employment report.
Go to top