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Nikkei 225 closes lower by 0.83% at 23,096.75

Mixed tones in Asian equities today

Nikkei 17-08

Japanese stocks are lower to start the week, as we see a bit more subdued tones outside of the more positive mood in Chinese equities – which owed to the PBOC’s liquidity injection earlier in the day here.

That is helping to see the Shanghai Composite up by 2.4% with the Hang Seng also relatively buoyed, trading up by 1.2% currently.
Elsewhere, US futures are a little higher by ~0.2% but the overall risk mood in the market is more mixed as we look towards European trading today.
Major currencies are also trading in narrower ranges, little changed on the day so far. EUR/USD is a little higher at 1.1858 but capped by last Thursday’s high @ 1.1865.

European shares end the lower on the day but rebound off days lows

Major indices closing near midrange

The European equity markets are closed, and although the prices are lower on the day they are off session lows and near the midpoint’s of the days range. For the week, the indices are closing higher.
The provisional closes are showing:
  • German DAX, -0.7%. The low for the day reach -1.5%
  • France’s CAC, -1.4%. The low for the day reached -2.4%
  • UK’s FTSE 100, -1.5%. The low for the day reach -2.42%
  • Spain’s Ibex, -1.3%. The low for the day reach -2.57%
  • Italy’s FTSE MIB, -1.2%. The low for the day reach -2.15%
For the week, the major indices closed higher led by the Spain’s Ibex.
  • German DAX, +1.8%
  • France’s CAC, +1.5%
  • UK’s FTSE 100, +0.8%
  • Spain’s Ibex, +2.8%
  • Italy’s FTSE MIB, +2.5%
In other markets as London/European traders look to exit:
  • Spot gold is trading down $8.80 or -0.45% at $1945
  • Spot silver is down $0.79 or -2.88% at $26.71
  • WTI crude oil futures are trading down $-0.21 or -0.5% of $42.03 for the September contract. The October contract is trading down $0.20 or -0.46% at $42.34
In the US stock market, the major indices are mixed. The S&P index is trading near its highs. The NASDAQ index fell below the 11,000 level but has rebounded back above that level.
  • S&P index is up 3.66 points or 0.10% at 3376.93
  • NASDAQ index is down -19.8 points or -0.18% at 11,022.58
  • Dow is up 26 points or 0.10% at 27924.40
In the US debt market, yields are lower with the 5 and 10 year leading the way to the downside:
  • 2 year 0.147%, -1.5 basis points
  • 5 year 0.296%, -2.5 basis points
  • 10 year 0.698%, -2.2 basis points
  • 30 year 1.426% -0.1 basis points
In the forex, the strongest and weakest have shifted in the North American session. The JPY took over as the strongest from the GBP, while the CAD is the weakest (was NZD at the start of the NA session). The USD as weakened marginally in the NY session. It is down against all the major currencies with the exception of the CAD.
The USDJPY moved below its 100 hour moving average at 106.56 and trades near session lows at 106.46 currently.
The USDCAD found support at 1.32288 after Canada manufacturing sales came in better than expectations (while US retail sales were mixed). That move higher in the loonie was short-lived however and rotated back up to resistance against the swing levels between 1.3267 and 1.3271. The high price reached 1.32708 but has backed off vs. the greenback. It currently trades at 1.3256.

Nikkei 225 closes higher by 0.17% at 23,289.36

A quieter session for Asian equities to wrap up the week

Nikkei 14-08
The mixed tones in Wall Street yesterday didn’t really help, and Chinese data missing estimates earlier in the day also made for some mixed sentiment in Asian trading today.
That said, the Nikkei is capping a solid four-day week with a little over 4% gains seen.
Elsewhere, the Hang Seng is up 0.2% while the Shanghai Composite is up by 0.3% on the session. US futures are also a little higher, up by ~0.3% currently.
There isn’t much of a major risk tilt to start the session as major currencies are also keeping in narrower ranges as we get things underway in European morning trade.

Nikkei 225 closes higher by 1.78% at 23,249.61

Asian equities mostly better on the day

Nikkei 13-08

This follows the more positive mood from Wall Street overnight, as the market keeps calmer for the most part to start the new day as well. The Hang Seng is down a little by 0.1% but the Shanghai Composite is up by 0.3% currently.

Elsewhere, US futures are down ~0.1% but keeping closer to flat levels for the most part – giving little hints of a risk tilt to kick start the session.
In the currencies space, the dollar is keeping weaker across the board with EUR/USD rising to to 1.1825 – back above both key hourly moving averages. Meanwhile, AUD/USD is also holding above both its key hourly moving averages at 0.7170 but off earlier highs.

European shares rise. German Dax (major indices) up for the 4th consecutive day

Run to the upside continues

The European shares are closing higher for the day. The German DAX, France’s CAC, UK FTSE 100 has now moved higher for 4 consecutive days.
A look at the provisional closes shows:
  • German DAX, +1%
  • France’s CAC, +1%
  • UK’s FTSE 100, +2.2%
  • Spain’s Ibex, +0.4%
  • Italy’s FTSE MIB, +1.0%

As London/European traders look to exit, the CHF remains the strongest. The JPY has taken over as the weakest of the majors.  The USD has moved lower in the NY session (compared to opening levels). It is now mostly lower with declines vs. the CHF, EUR, CAD, AUD and NZD and gains only vs the JPY. It is back to unchanged vs the GBP after being higher vs the pound at the start of the day.

Nikkei 225 closes higher by 0.41% at 22,843.96

A mixed session for Asian equities but mostly lower

Nikkei 12-08
The decline in tech stocks in the US overnight is weighing on sentiment today, though Japanese exporter stocks are benefiting from a weaker yen. Chinese equities are the ones leading losses today, with the Shanghai Composite seen down 1.7% currently.

 

The rout in precious metals is also part of the reason weighing on the risk mood with stimulus talks in Congress facing yet another stalemate.
In the currencies space, the dollar is keeping firmer as such with EUR/USD down to 1.1720 and AUD/USD weighed lower at 0.7110-20 levels at the moment.

European shares end the session with solid gains

Major indices up sharply

The flow funds into the European markets continue today with sharp moves to the upside in the major indices. A look at the provisional closes are showing:

  • German DAX, +2.1%
  • France’s CAC, +2.4%
  • UK’s FTSE 100,
  • Spain’s Ibex +2.8%
  • Italy’s FTSE MIB, +2.8%
For the year, the European shares are still down sharply:
  • German Dax -2.2%
  • France’s CAC, -15.9%
  • UKs FTSE -18.4%
  • Spain’s Ibex, -24%
  • Italy’s FTSE MIB, -14.05%

European shares end the session higher

German DAX near unchanged in up and down session

The major European stock indices are ending the session flat or higher. The German DAX was the weakest as it closes near flat for the day. Spain’s Ibex is the strongest with a gain of near 1.4%.

The provisional closes are showing:
  • German DAX, unchanged
  • France’s CAC, +0.3%
  • UK’s FTSE 100, +0.3%
  • Spain’s Ibex, +1.4%
  • Italy’s FTSE MIB, +0.5%
In the European debt market, the benchmark 10 year yields are ending the session lower.
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