Archives of “Global Indices” category

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Nikkei 225 closes higher by 0.88% at 23,235.47

  
Analysis, Global Indices

Asian equities climb as Wall Street snaps tech losing streak

Nikkei 10-09

A more positive day for stocks in Asia, with the Hang Seng up 0.2% and the Shanghai Composite seen up by 0.5% as well. This comes on the back of a better performance by Wall Street yesterday, with the Nasdaq closing up by 2.7%.

That said, the losing streak may be ended for now but it is still too early to say if this is where everything returns back to sunshine and rainbows. US futures are keeping mildly higher, moving off earlier lows at least but are still more tepid in general.
In the major currencies space, all eyes are on the euro today as we look towards the ECB policy meeting decision and Lagarde’s press conference to follow up on that.

Eurostoxx futures +0.5% in early European trading

  
Global Indices, Uncategorized
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Some mild optimism flowing in early trades

  • German DAX futures +0.6%
  • UK FTSE futures +0.4%
  • Spanish IBEX futures +0.4%
US futures have also moved higher in the past hour, with S&P 500 futures now up ~0.7% while Nasdaq futures have pared losses to flat levels now and that is feeding to some slight positive momentum to start European morning trade.
In the currencies space, the aussie is also ticking a little higher with AUD/USD now testing 0.7300 and the confluence of its key hourly moving averages @ 0.7294-13.
USD/CAD is also nudged lower from 1.3110 to 1.3090 and testing the confluence of its own key hourly moving averages @ 1.3086-91 currently.

Nikkei 225 closes higher by 0.80% at 23,274.13

  
Analysis, Global Indices

Asian equities fare better on the day

Nikkei 08-09
Japanese stocks saw a modest rebound in trading today, recovering yesterday’s losses while the Hang Seng is up 0.5% and the Shanghai Composite is up by 0.9% currently.
All eyes will be on how US stocks will perform later today following the long weekend, and futures are pointing towards a better return with S&P 500 futures up 0.6% while Nasdaq futures erased earlier losses to flat levels now.
Major currencies are still keeping more mixed and tepid, and are likely to stay that way until we get firmer risk direction from US trading later today.

European shares can’t escape the US selling. Close lower on the day/week.

  
Analysis, Global Indices

Major indices erase early week gains and close lower for the week

The European shares could not escape the tumble in the US indices. Nevertheless although they are lower, the declines for most of the indices are a little more contained. The provisional closes are showing:
  • German DAX, -2.0%
  • France CAC, -1.2%
  • UK’s FTSE 100, -1.1%
  • Spain’s Ibex, -0.4%
  • Italy’s FTSE MIB, -1.0%

For the week, the FTSE 100 led the way to the downside. All the under indices also fell.

  • German DAX, -1.8%
  • France’s CAC, -1.05%
  • UK’s FTSE 100, -3.5%
  • Spain’s Ibex, -2.1%
  • Italy’s FTSE MIB, -2.35%

Nikkei 225 closes lower by 1.11% at 23,205.43

  
Analysis, Global Indices

Asian equities follow US stocks lower to end the week

Nikkei 04-09

It is a red day for Asian equities to end the week, with stocks following the sharp losses in US indices yesterday. The Nikkei ends the day down by a little over 1%, but it is actually up by 1.4% still in terms of weekly performance.

Elsewhere, the Hang Seng is down by 1.5% and the Shanghai Composite is down by 1.2% as the softer mood from US trading yesterday continues to reverberate.
US futures are also keeping lower on the day, though off earlier lows at least, as the market appears to be more tepid in anticipation of the US jobs report later.
Major currencies are little changed on the session amid tighter ranges. EUR/USD is stuck within a 19 pips range between 1.1839 and 1.1858 so far today.

European shares are dragged back down as US stocks tumble

  
Analysis, Global Indices

Snatch defeat from the jaws of victory

The European indices were higher at the North American opening. However, the indices could not ignore the liquidation in the US indices and are closing the session lower on the day. The provisional closes are showing:
  • German DAX, -1.6%. It was up 1.64% at its highs
  • France’s CAC, -0.7%. It was up 1.98% at its highs
  • UK’s FTSE 100, -1.6%. It was up 0.93% at the high
  • Spain’s Ibex, -0.4%.. It was up 2.33% at its highs
  • Italy’s FTSE MIB, -1.8%. It was up 1.42% its highs

In the 10 year note sector, the benchmark yields are mixed:

Snatch defeat from the jaws of victory_
In other markets as London/European traders look to exit:
  • spot gold is trading down $16.4 or -0.84% $1926.70
  • spot silver is trading down $0.89 or -3.24% $26.55
  • WTI crude oil futures are down $-1.01 or 2.46% at $40.49

Nikkei 225 closes higher by 0.94% at 23,465.53

  
Analysis, Global Indices

A bit of a mixed session for Asian equities

Nikkei 03-09
Japanese stocks end the day higher but gains petered out towards the end with US futures slipping a little in the closing stages in Asia. E-minis are down a little by ~0.3% currently, following record gains in Wall Street once again yesterday.
Elsewhere, the Hang Seng is down by 0.7% while the Shanghai Composite is down 0.5% with the latest round of US-China tensions adding to some pessimism on the day.

 

In the currencies space, the main story is still the pullback in the dollar as the greenback keeps firmer going into European trading. EUR/USD is down to fresh one-week lows around 1.1800 as the ECB begins jawboning the currency ahead of next week’s meeting.
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