Archives of “Global Indices” category

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Nikkei 225 closes higher by 0.47% at 23,247.15

  
Analysis, Global Indices

Asian equities mostly advance after Wall Street gains yesterday

Nikkei 02-09
Japanese stocks end the day with modest gains, as US equities pushed higher once again in trading yesterday – setting up a more positive mood today. Chinese stocks are looking more flat but the Hang Seng is up slightly by 0.2% currently.
Elsewhere, US futures are pointing to more optimism with S&P 500 futures up by 0.4% while Nasdaq futures are up by 0.6% as we look towards European trading.
In the major currencies space, there is some mild weakness in the franc as USD/CHF rebounds further after testing five-year lows near 0.9000 yesterday.
Besides that, the kiwi is also keeping a slight advance after RBNZ governor Orr said that he wasn’t concerned about the currency with NZD/USD looking to firmly break away from its 31 December high @ 0.6556.

Nikkei 225 ends the day flat at 23,138.07

  
Analysis, Global Indices

Japanese stocks close pretty much flat on the day

Nikkei 01-09

Asian equities are seeing rather muted tones in general, though they are off earlier lows at least but are failing to find much inspiration after the mixed tones in Wall St overnight.

The Hang Seng is also flat on the day currently, while the Shanghai Composite is down slightly by 0.1%. US futures are off earlier lows to sit around ~0.2% higher now.
Elsewhere, the mood among major currencies is still siding against the dollar with the greenback lagging across the board. EUR/USD is hovering just under 1.2000 as we look towards European trading while USD/CAD is nearing the 1.3000 handle.

Nikkei 225 closes lower by 1.41% at 22,882.65

  
Analysis, Global Indices

The Nikkei slides in the final hour as Abe plans to resign

Nikkei 28-08

Japanese stocks were faring better on the day, rising alongside its peers in the region, before reports came in that Abe is to resign as prime minister. That sent Japanese markets into a risk-off spin, though the reaction outside of Japan is rather muted.

The Nikkei tumbled by as much as 2.5% at one stage but has trimmed losses since.
Elsewhere, the Hang Seng is up 1.4% and the Shanghai Composite is up 1.1%. Meanwhile, US futures are up by 0.4% as we look towards European morning trade.
In the currencies space, the dollar is on the back foot across the board as it extends losses post-Powell. The yen was also weaker initially as yields were rising but the Abe news helped the currency to turn losses into gains against the dollar.

European shares end the day lower.

  
Analysis, Global Indices

Erase gains from yesterday’s trading

Yesterday, European shares moved to the upside with gains between 0.1% (UK FTSE 100) and 1% (German DAX).
Today the major indices are ending the day lower across the board. The provisional closes are showing:
  • German DAX, -0.7%
  • France’s CAC, -0.7%
  • UK’s FTSE 100, -0.6%
  • Spain’s Ibex, -0.6%
  • Italy’s FTSE MIB, -1.0%

In the European debt market, the benchmark 10 year yields reversed earlier declines and are currently trading up 0.2 basis points to up 3.8 basis points:

Erase gains from yesterday's trading_As the London/European traders look to exit, the CAD is the strongest while the JPY is the weakest. The USD has seen volatile up and down trading but is still trading mostly higher but with most of the gains vs. the JPY and EUR. The greenback is lower vs. the CAD, and near unchanged vs. the GBP, CHF, AUD and NZD (all are within 0.07% of unchanged on the day).

Nikkei 225 closes lower by 0.35% at 23,208.86

  
Analysis, Global Indices

Asian equities mixed as focus stays on Powell today

Nikkei 27-08
Japanese stocks are not really taking much heart in the record closes in the S&P 500 and Nasdaq yesterday, as Asian equities in general have been more mixed on the session.
The Hang Seng is also down by 0.9% while the Shanghai Composite is seen up by 0.4%. Elsewhere, US futures are down by ~0.2% but all eyes are on Fed chair Powell’s speech later today so there isn’t much to really chew at for now.
In the major currencies space, the trading ranges continue to keep more narrow with little change across the board. If anything, expect European morning trade to reflect more of the same subdued and quiet tones as we wait on Powell.

European Indices end the session higher

  
Analysis, Global Indices

Back into the black after the declines yesterday

The European shares are ending the session higher. The laggard is the UK FTSE 100 which rose by a scant +0.1%. The gains were also varied with the German DAX leading the way at +1.0%. Shares move higher on Monday but gave back some of the gains on Tuesday.

The provisional closes are showing:
  • German DAX rose 1.0%. The low for the day reach -0.39%
  • France’s CAC rose 0.8%. The low for the day reached -0.61%
  • UK’s FTSE 100 rose 0.1%. The low for the day reach -0.74%
  • Spain’s Ibex rose 0.24%. The low for the day reached -0.53%
  • Italy’s FTSE MIB rose 0.24%.  The low for the day reached -0.51%
In other markets as London/European traders look to exit:
  • Spot gold is trading up $16 or 0.82% at $1944. It is trading just off the high price for the day at $1945.98. The low price extended to $1902.89.
  • Spot silver is also higher. It is trading up $0.58 orders 2.2% at $27.12. That is just off the high price of $27.15
  • WTI crude oil futures are higher by $0.08 at $43.43. Hurricane Laura is bearing down on the Louisiana/Texas border. Inventory data showed a larger than expected drawdown but in line with the API data from last night. The high price reached $43.78. The low price has bottomed at $43. The price is above its 200 day moving average at $43.25 today.

Nikkei 225 closes lower by 0.03% at 23,290.86

  
Analysis, Global Indices

A tepid session for Asian equities today

Nikkei 26-08
Asian stocks are failing to take heart in the record-setting day for both the S&P 500 and Nasdaq yesterday, as the Nikkei closes near flat levels while the Hang Seng and Shanghai Composite are seen down by 0.1% and 1.3% respectively.
Equities are sort of taking a bit of a breather for now, though rising Treasury yields may be a bit of a concern as well. 10-year yields are now up by 3 bps to 0.714% on the day and are moving close to the 13 August high @ 0.725%.
The mixed risk tone is leaving little for major currencies to work with as ranges are keeping more narrow to start European morning trade. EUR/USD is a little lower at 1.1816 but still holding within a 32 pips range today.

European shares give up gains and close near session lows

  
Analysis, Global Indices

UK FTSE 100 leads the move to the downside

The major European indices give up gains of over 1% and are ending the day around or below unchanged (and at session lows). The UK FTSE is the biggest decliner. The GBP is also the strongest currency on the day.

The provisional closes are showing:
  • German DAX, +0.1%. The traders highs +1.2%
  • France’s CAC, +0.1%. It traded as high as 1.3%
  • UK’s FTSE 100, -1.1%. It traded as high as 1.13%
  • Spain’s Ibex, fell -0.03%. It traded as high as 1.49%
  • Italy’s FTSE MIB fell -0.3%.. It traded as high as 1.26%
As London traders head for the exit, the GBP remains the strongest of the major currencies. The JPY remains the weakest. The USD has stayed mostly lower on the day but has traded up and down in choppy trading.
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