Archives of “Global Indices” category

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Nikkei 225 closes lower by 0.51% at 23,507.23

  
Analysis, Global Indices

Asian equities lower following Wall Street yesterday

Nikkei 15-10
The risk mood is more on the defensive to start the day, with Asian stocks also slumping amid more US stimulus setback that weighed on US equities yesterday.
The Hang Seng is down 1.3% while the Shgnahi Composite is near flat levels, keeping more subdued throughout the session. Elsewhere, US futures are also keeping lower and that is setting up a softer mood ahead of European trading today.
In the currencies space, things are little changed for now but just be mindful of how the risk mood plays out as that could see flows in/out of the dollar in the session ahead.
EUR/USD is keeping within a 17 pips range so far, little changed at 1.1752 currently.

European major indices end the session with mixed results

  
Analysis, Global Indices

Mixed results for the major European indices in trading today

The European stock markets are closed and the results are mixed. The provisional closes are showing:
  • German DAX, +0.1%
  • France’s CAC, -0.1%
  • UK’s FTSE 100, -0.5%
  • Spain’s Ibex, +0.6%
  • Italy’s FTSE MIB, +0.3%
In other markets as European/London traders look to exit:
  • S&P index -2.84 points or -0.08% at 3509.30
  • NASDAQ index -10.38 points or -0.09% at 11853.42
  • Dow industrial average -34.6 points or -0.12% at 28645.98
  • spot gold is trading up $18.09 or 0.96% at $1909.54
  • spot silver is up $0.29 or 1.22% $24.43
  • WTI crude oil futures are up $0.78 or 1.94% at $40.99
In the forex market, the USD has moved lower against all the major currencies (near unchanged vs. the CAD).  It is the weakest of the majors. The GBP has extended its move to the upside in the NY session.  It is the strongest currency by far today.

European equities see little change to kick start the day

  
Analysis, Global Indices

Tepid tones observed in Europe to start the session

  • Eurostoxx +0.1%
  • Germany DAX -0.1%
  • France CAC 40 +0.1%
  • UK FTSE +0.5%
  • Spain IBEX +0.1%
Elsewhere, US futures are still keeping a little more optimistic with S&P 500 futures up ~0.4% while Nasdaq futures are up ~0.6%. However, once again the bond market and currencies aren’t really singing to that tune.
10-year Treasury yields are down 0.5 bps to 0.722% while in the currencies space, not much is happening besides an extended fall in the pound below 1.2900.
This now puts the focus on support around 1.2875-80 with the 50.0 retracement level of the recent swing move higher @ 1.2879 being tested as well.
In turn, that is propping up UK stocks as we get things going on the session.

European shares in the session mixed. Higher for the week

  
Analysis, Global Indices

German DAX unchanged on the day. Spain’s Ibex lower on coronavirus concerns

The European equity markets are closing for the day with mostly higher results. The German DAX did underperform enclosed unchanged on the day. The provisional closes are showing:
  • German DAX, unchanged
  • France’s CAC, +0.6%
  • UK’s FTSE 100, +0.7%
  • Spain’s Ibex, -0.5%
  • Italy’s FTSE MIB, unchanged
For the week, the major indices all moved higher:
  • German DAX, +2.8%
  • France’s CAC, +2.4%
  • UK’s FTSE 100, +2.0%
  • Spain’s Ibex, +2.9%
  • Italy’s FTSE MIB, +2.7%

Maj. European indices end the session higher.

  
Analysis, Global Indices

Spain’s Ibex leads the way

The major European indices are ending the session higher for the 3rd time in 4 days this week. The provisional closes are showing:
  • German DAX, +1.0%
  • France’s CAC, +0.8%
  • UK’s FTSE 100, +0.7%
  • Spain’s Ibex, +1.3%
  • Italy’s FTSE MIB, +0.9%
In other markets as London/European traders look to exit:
  • Spot gold is trading up $1.19 or 0.06% at $1888.50.
  • Spot silver is trading up $0.08 or 0.33% at $23.89.
  • WTI crude oil futures are trading up $0.70 and back above the $40 level at $40.65
In the US stock market major indices are now mixed as Pelosi’s recent comments on a standalone airline deal is hurting hopes for a deal and risk appetite.
  • S&P index is still up 10.3 points or 0.3% of 3429.59 but well off the high price of 3444.45
  • NASDAQ index is up 24 points or 0.22% at 11389.07. That is off the high of 11448.23
  • Dow industrial average is trading down -18 points or -0.06% at 28285.30.  It’s high price reached 28459.13

European major indices have modest changes on the day

  
Analysis, Global Indices

France’s CAC and Spain’s Ibex the weakest

The European major indices have modest changes on the day with the France’s CAC and Spain’s Ibex the weakest.  The provisional closes are showing:
  • German DAX, flat
  • France’s CAC, -0.3%
  • UK’s FTSE 100, up 0.1%
  • Spain’s Ibex, -0.3%
  • Italy’s FTSE MIB, flat
In the European debt market, the yields in the benchmark 10 year notes are marginally higher. UK yields moved the most with a 1.9 basis point gain.
France's CAC and Spain's Ibex the weakest_A snapshot of the forex market as London/European traders look to exit shows the AUD is the strongest and the JPY is the weakest.  That was the order at the start of the NY session.  However, each have increased their relative advantages. The GBP was lower at the start of the New York session, but with all the Brexit chatter from EU and UK officials, the GBP has moved higher in the NY session. The USD has weakened in the the NY session with the greenback losing ground vs. both the GBP and the AUD over the last 4 or so hours.
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