Archives of “Global Indices” category

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European share recover from yesterday’s tumble

  
Analysis, Global Indices

German Dax up 1.35%. France’s Cac up 1.45%.

Yesterday, the major European indices all fell sharply:
  • German DAX, -2.8%
  • France’s CAC, -2.4%
  • UK’s FTSE 100, -1.8%
  • Spain’s Ibex, -2.8%
  • Italy’s FTSE MIB, -2.4%

Today, there has been a recovery elderly some of the declines. The provisional closes are showing:

  • German DAX, +1.35%
  • France’s CAC, +1.49%
  • UK’s FTSE 100, +0.63%
  • Spain’s Ibex, +1.85%
  • Italy’s FTSE MIB, +1.9%
as London/European traders look to exit, a snapshot of other markets shows:
  • spot gold, $-10.38 or -0.55% $1866.50.
  • Spot silver down $0.63 or -2.41% at $25.54.
  • WTI crude oil futures $-0.66 or -1.36% of $47.31
in the US stock market, the major indices have turned negative after rising earlier:
  • S&P index is down -11.65 points or -0.32% 3683.01
  • NASDAQ index is down 17 points or -0.14% 12724
  • Dow is down 165 points or -0.55 presented 30052.6
in the US debt market, yields are lower with the 30 year leading the way at -2.0 basis points:
  • 2 year 0.116%, -0.4 basis points
  • 5 year 0.365%, -1.4 basis points
  • 10 year 0.918%, -1.6 basis points
  • 30 year 1.653%, -2.0 basis points

German DAX a big winner this week, but closes lower today

  
Analysis, Global Indices

German DAX falls for the 1st time in 5 trading days

The European stock markets are coming to a close and the major indices are closing with declines and near session lows.

The German DAX was the big winner this week, but fell for the 1st time in 5 days today. The Spanish Ibex was the weakest today.
A look at the provisional closes shows:
  • German DAX, -0.21%
  • France CAC, -0.45%
  • UK’s FTSE 100, -0.45%
  • Spain’s Ibex, -1.3%
  • Italy’s FTSE MIB, -0.2%
For the week, the German DAX outperformed with a near 4% gain:
  • German DAX, +3.94%
  • France’s CAC, +0.33%
  • UK’s FTSE 100, -0.32%
  • Spain’s Ibex, -0.24%
  • Italy’s FTSE MIB, +1.2%

Nikkei 225 closes higher by 0.18% at 26,806.67

  
Analysis, Global Indices

Asian equities keep higher after the Fed yesterday

Nikkei 17-12
Modest gains for Japanese stocks, with the rest of the region seeing a similar mood. The Hang Seng is up 0.3% while the Shanghai Composite is up 0.8%.
Elsewhere, US futures are up by ~0.3% as we look towards European trading with Nasdaq futures near record highs. US stimulus talks are dragging on but the market is keeping hope of a more optimistic outcome for the time being.

 

In the currencies space, the dollar is the weakest performer following the Fed decision yesterday – which mainly reaffirmed the status quo in the market.

Nikkei 225 closes higher by 0.26% at 26,757.40

  
Analysis, Global Indices

Asian equities keep higher on the day

Asian equities keep higher on the day
Japanese stocks close near the lows but maintained its advance alongside equities in the region, as sentiment stays bolstered by US stimulus hopes among other things.
After the monstrous November rally, the Nikkei appears to be taking a breather and consolidating at the highs for the year currently.
The Hang Seng is up 0.9% while the Shanghai Composite is up 0.2% going into the closing stages of the day. S&P 500 futures are more flat so far ahead of European trading.
In the currencies space, the dollar is mostly little changed across the board and trading more mixed for the time being. USD/JPY is keeping lower though, around 103.50 and nears the early November lows around 103.35.

European shares and mostly higher. UK’s FTSE 100 modestly lower

  
Analysis, Global Indices

German Dax up near 1%

the European shares are ending mostly higher with the UK FTSE modestly lower by -0.1%. The provisional closes are showing:

  • German DAX, +0.90%
  • France’s CAC, +0.53%
  • UK’s FTSE 100, -0.1%
  • Spain’s Ibex, +1.0%
  • Italy’s FTSE MIB, +0.48%
In the European debt market, the benchmark 10 year yields are ending with mixed results:
German Dax up near 1%_
In other markets as London/European traders look to exit:
  • Spot gold is trading down $15.75 -0.86% at $1824.15. The rise in the US dollar in the New York session has helped to weaken the price of spot gold
  • spot silver is trading down $0.09 or -0.36% at $23.86
  • WTI crude oil futures are trading down $0.30 -0.64% at $46.26. That is lower than earlier levels which is all the high price extended up to $47.44, but above the session lows of $45.69
  • Bitcoin on Coinbase is trading down $47 at $19,134 (vs. Sunday’s close). The high price reached $19,338.45. The low price extended to $18,967.68. The all-time high price from earlier this month came in at $19,915

European shares end the week on a sour note

  
Analysis, Global Indices

UK FTSE 100 near unchanged for the week. Other indices lower

The European shares are ending the week on a sour note with all the major indices lower. For the week, apart from the UK FTSE 100 which is near unchanged, the major indices all fell.

The provisional closes are showing:
  • German DAX, -1.37%.  This was the worst session since late October
  • France’s CAC, -0.72%
  • UK’s FTSE 100, -0.73%
  • Spain’s Ibex, -1.4%
  • Italy’s FTSE MIB, -0.86%
For the week:
  • German DAX, -1.39%
  • France CAC, -1.8%
  • UK’s FTSE 100, unchanged
  • Spain’s Ibex, -3.1%
  • Italy’s FTSE MIB, -2.1%

in other markets as London/European traders look to exit:

  • spot gold is trading up $6.39 or 0.35% at 1843
  • spot silver is trading unchanged at $23.99
  • WTI crude oil futures are trading down $0.19 -0.41% of $46.59

European stocks near one-month lows as the drop today extends further

  
Analysis, Global Indices

It is starting to get a bit ugly

The DAX has now extended its decline by more than 2% in a drop to its lowest levels in nearly a month. The Eurostoxx 600 is down by over 1.5% to its lowest level in three-weeks, with Italy’s FTSE MIB also reflecting a similar drop.

DAX
For the DAX, the recent rally seems to have met a pause as it encounters resistance from the 3 September high. There is now some support from the 13 November low at 13,004 but the 100-day moving average (red line) will be the key level to watch @ 12,877.

Nikkei 225 closes lower by 0.39% at 26,652.52

  
Analysis, Global Indices

Asian equities more mixed towards the end of the week

Nikkei 11-12
The Nikkei closes lower on the day, following the more tepid tone from Wall Street overnight as Asian equities traded more mixed in general today.
On the week, the Nikkei is seen down by roughly 0.4% and that reaffirms the narrative that the equities rally is taking a bit of a breather this week.
Elsewhere, the Hang Seng is up 0.3% while the Shanghai Composite is down 1.2% on the day heading into the closing stages.
US futures are keeping slightly lower even as the FDA overwhelmingly approves of the Pfizer vaccine, though the decision is expected and should already be largely baked in.
In the currencies space, the dollar is keeping weaker across the board as it remains in a vulnerable spot. That is leaving for more mixed tones ahead of European trading.
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