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Nikkei 225 closes higher by 1.35% at 23,296.77

Equities are buoyed by positive US-China vibes

Nikkei 25-08
The Nikkei is ending the day off earlier highs, but still closes at its highest level since February as equities are in a more positive mood following the more constructive remarks surrounding US-China trade talks earlier in the day.
Chinese stocks bucked the trend though, with the Hang Seng seen down by 0.5% alongside the Shanghai Composite as well. But US futures are higher by ~0.4% currently.
In the currencies space, there are some mixed tones with the dollar slightly weaker against the euro and pound but keeping in more narrow ranges against the rest of the bloc. USD/JPY is little changed, sitting around 106.00 as we get the session underway.

European shares have a rebound Monday

List of Europe Country CodesMajor indices close lower last week. The week is getting off to a better start

Last week, the European indices all closed lower for the week. Today however, the indices are getting off to a better start. All the major indices are higher. The provisional closes are showing:

  • German DAX, +2.4%
  • France’s CAC, +2.3%
  • UK’s FTSE 100, +1.7%
  • Spain’s Ibex, +1.96%
  • Italy’s FTSE MIB, +2.1%
In the European debt market, the benchmark 10 year yields are ending mostly higher with Spain up 2.3 basis points leading the way. Italian yields are near unchanged at -0.1 basis point.

Nikkei 225 closes lower by 1.00% at 22,880.62

Asian equities slip after the retreat from Wall Street

Nikkei 20-08
The more downbeat FOMC meeting minutes also adds to further reasons for the decline, with the Hang Seng down by 2.0% and the Shanghai Composite down by 1.0%.
Elsewhere, US futures are down by ~0.6% and that is keeping the risk mood more on the defensive ahead of European morning trade. Treasury yields are a little lower on the day, with 10-year yields down by 2.4 bps to 0.655%.
Meanwhile, major currencies are trading little changed for the most part as tighter ranges continue to play out after the dollar reversal in trading yesterday.

European shares rebound after yesterdays move lower

Major indices close near highs for the day

The European shares have rebounded after yesterdays move lower. They also are closing near their highs for the day.  The provisional closes are showing:

  • German DAX, +0.8%
  • France’s CAC, +0.7%
  • UK’s FTSE 100, +0.6%
  • Spain’s Ibex, +0.64%
  • Italy’s FTSE MIB, +0.8%
In the European debt market, the yields are mostly lower with the exception of the UK 10 year which rose by 1.7 basis points:
Major indices close near highs for the day_

Nikkei 225 closes higher by 0.26% at 23,110.61

A mixed day for Asian equities

NKY 19-08

Japanese stocks are taking more positive cues from Wall Street yesterday, with the slight drop in the yen earlier on also helping exporter stocks a little.

Elsewhere, the Hang Seng and Shanghai Composite are both down by 0.8% and that is making for a bit more of a mixed mood despite record highs in US stocks yesterday.
US futures are up ~0.1% but is generally trading little changed as we look to get the European morning session underway. In the currencies space, the dollar is staying a little softer as the momentum from yesterday continues slightly.

Nikkei 225 closes lower by 0.20% at 23,051.08

A mixed and slow session for Asian equities for the most part

Nikkei 18-08

Asian equities are a bit more mixed in trading today, with Japanese exporter stocks also not really finding much comfort in a stronger yen. The Hang Seng is down 0.1% but the Shanghai Composite is up by 0.1% going into the closing stages.

The push higher in the Nasdaq and the S&P 500 is failing to really brighten the mood as we look to get things going in European morning trade.
US futures are near unchanged levels on the day so that isn’t really providing much clues.
In the currencies space though, the dollar is still a notable laggard – alongside the kiwi – as we see EUR/USD near 1.1900 and USD/JPY tracking near session lows of 105.60.
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