Archives of “Global Indices” category

rss

German DAX for the 4th consecutive day. UK FTSE 100 lags in trading today

  
Analysis, Global Indices

Most European indices close higher

The German DAX rose for the 4th consecutive day. It’s index increase by 0.86%. The UK’s FTSE was a laggard today after the Bank of England decision.

A look at the closes:
  • German DAX, +0.9%
  • France’s CAC, +0.8%
  • UK’s FTSE 100, -0.1%
  • Spain’s Ibex, +1.3%
  • Italy’s FTSE MIB, +1.6%
in other markets as London/European traders exit:
  • spot gold -43.6 points or -2.3% at $1790.38
  • spot silver $-0.76 or -2.83% $26.12
  • WTI crude oil futures up $0.25 or 0.45% of $55.94
US stocks are trading at session highs:
  • S&P index up 28.23 points or 0.74 presented 3858.04
  • NASDAQ index up 100 points or 0.73% at 13710.34
  • Dow industrial average up 256 points or 0.84% at 30980

Nikkei 225 closes lower by 1.06% at 28,341.95

  
Analysis, Global Indices

Asian equities fall as risk sentiment moderates on the week

Nikkei 04-02
Japanese equities slump as rising yields add to some uneasiness in the market but the drop also comes amid some moderation in risk sentiment after the gains this week.
Adding to that is a slight jump in short-term rates in China once again, bringing back concerns about liquidity constraints ahead of the Lunar New Year holidays. The PBOC also didn’t do much to ease those nerves with the latest injection today.
The Hang Seng is down by 1.2% while the Shanghai Composite is down by 0.7%, while S&P 500 futures erased slight gains to be down by 0.2% currently.
In FX, the dollar continues to hold steadier across the board with EUR/USD still knocking on the door of a firmer test of 1.2000 while USD/JPY is keeping with a break above the 105.00 handle for the time being.

European shares have back-to-back gains to start the week

  
Analysis, Global Indices

Major indices price for the 2nd day this week

The European shares have back-to-back gains to start the trading week.

Yesterday, the German DAX led the way with a 1.4% gain. Below are the percentage changes from Monday.

  • German DAX, +1.4%
  • France’s CAC, +1.3%
  • UK’s FTSE 100, +1%
  • Spain’s Ibex, +0.5%
  • Italy’s FTSE MIB, +1.1%

Today, additional gains were tacked on. The provisional closes are showing

  • German DAX, +1.55%
  • France’s CAC, +1.9%

Nikkei 225 closes higher by 0.97% at 28,362.17

  
Analysis, Global Indices

A positive day for Asian equities

Nikkei 02-02
Broader market sentiment is continuing to exude more calm as the retail trading frenzy starts to show signs of settling down, with the VIX receding as well.
The Hang Seng is up 1.5% while the Shanghai Composite is up 0.6% on the day, with S&P 500 futures seen up by 0.5% as we look towards European trading.
The mood is pinning the dollar slightly on the softer side but nothing that stands out too much for the time being. NZD/USD is up 0.3% as buyers push above its 100-hour moving average @ 0.7173 and look towards its 200-hour moving average @ 0.7188.

Nikkei 225 closes higher by 1.55% at 28,091.05

  
Analysis, Global Indices

Asian equities switch higher in trading today

Nikkei 01-02
The focus of the retail trading frenzy is turning towards silver to start the new week and that is taking some of the sting out of broader market sentiment as stocks recover.
Asian equities are faring better with US futures clawing its way higher from losses earlier. The Hang Seng is up 2.4% while the Shanghai Composite is up 0.5%. Meanwhile, S&P 500 futures are seen up 0.5% after having been down by 1% during the early stages.
Major currencies remain little changed in general, with the dollar mildly softer while silver is holding gains of over 5% at around $28.50 after having closed near $27 last week.

Nikkei 225 closes lower by 1.53% at 28,197.42

  
Analysis, Global Indices

Asian equities dragged lower on sour mood in Wall Street yesterday

Nikkei 28-01
The Hang Seng is down 2.0% and the Shanghai Composite is down 1.6% in a sea of red for Asian equities today. The softer risk mood is also reflected in US futures still, with S&P 500 futures down 0.3% and Nasdaq futures down 0.5%.
It is looking to be a hiccup for equities to wrap up January trading, despite the Fed reaffirming that they will stick with their current policy stance for quite some time yet.
The bond market may be reacting to some hints of risk aversion but 10-year Treasury yields slipping under 1% also tells the story that the Fed put is well and truly alive.
I would argue any further retracement here still represents a “healthy” correction in the big picture and dip buyers are surely waiting in the wings to step back in.
The whole GameStop saga is also bringing some unwanted attention to the stock market in general and that perhaps is messing with investor appetite for now.

European shares rebound from yesterday’s tumble lower

  
Analysis, Global Indices

German DAX rises 1.7%

The major European indices are closing higher and rebounding from yesterday’s tumble lower. Provisional closes shows:

  • German DAX, +1.8%. Yesterday the German DAX fell -1.66%
  • France’s CAC, +1.2%. Yesterday France’s CAC fell -1.57%
  • UK’s FTSE 100, +0.3%. Yesterday the UK FTSE 100 fell -0.84%
  • Spain’s Ibex, +0.8%. Yesterday Spain’s Ibex fell -1.73%
  • Italy’s FTSE MIB, +1.1%. Yesterday Italy’s FTSE MIB fell -1.6%
in other markets as European/London traders look to exit:
  • Spot gold is trading down $1 or -0.06% at $1855.
  • Spot silver is up $0.21 or 0.84% a $25.56
  • WTI crude oil futures down $0.22 of -0.40% $52.56
  • Bitcoin is trading down $1027 or -3.14% at $31684
In the forex market, the NZD remains the strongest of the majors, while the USD is the weakest.  The USD as gotten weaker in the NY session but is marginally higher (off lows) since the US stock opening.

European indices end the day sharply lower

  
Analysis, Global Indices

German DAX -1.7%. France’s CAC -1.6%. UK’s FTSE -0.9%

The major European indices are ending the session sharply lower. Germany’s IFO data this morning came in weaker than expected at 90.1 vs. 91.4 estimate and 92.2 last month. The expectations index was also lower at 91.1 vs. 93.6. The current assessment came in at 89.2 vs. 90.6 estimate.

The provisional closes are showing:
  • German DAX, -1.7%
  • France’s CAC, -1.6%
  • UK’s FTSE 100, -0.9%
  • Spain’s Ibex, -1.8%
  • Italy’s FTSE MIB, -1.7%
in the European debt market, the benchmark yields are all trading lower as concerned about growth sends yields lower.
German DAX -1.7%. France's CAC -1.6%. UK's FTSE -0.9%_
In the forex market, the strongest and weakest currencies moved closer together relative to the New York opening. The NZD remains the strongest but has given up some of its early gains in the NY session. Likewise, the EUR and CHF (which were the weakest currencies at the NA open) are still the weakest currencies at the London close, but have recovered some of its earlier losses.  The USD has moved higher from lower mixed levels. The greenback is mostly higher vs the majors (marginally), and is near unchanged vs. the JPY and NZD now.

Dollar regains some ground, European equities pare early advance

  
Analysis, Global Indices

A bit of a mixed start to the session so far

The dollar has trimmed losses on the day, even pushing higher against the euro, pound and franc currently as we navigate through the first-half of European morning trade.
DAX
The DAX has seen its early gains evaporate and it is also a similar case for most major European indices in the opening hour-and-a-half. US futures though, are keeping more buoyed, with S&P 500 futures up 0.3% and Nasdaq futures up 0.9%.
That may suggest that we shouldn’t write off any reversal in the risk tones today until Wall Street has their say later.
Elsewhere, 10-year Treasury yields have also backed off to fall flat now at 1.084%.
This is all pinning EUR/USD lower to 1.2150, with the weaker German Ifo report not helping, and GBP/USD falling from its high of 1.3723 earlier to 1.3680 currently.
Meanwhile, AUD/USD and NZD/USD have also trimmed gains with the former retreating from 0.7740 to 0.7725 and the latter from 0.7215 to 0.7205 at the moment.
Go to top