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Eurostoxx futures -0.1% in early European trading

  
Analysis, Global Indices

Mildly softer tones in early trades

  • German DAX futures flat
  • UK FTSE futures -0.2%
  • Spanish IBEX futures -0.1%
Despite European futures keeping closer to flat levels, the overall risk mood is more on the defensive side to start the session as US futures are seeing down ~0.3% now.
That said, they are off earlier lows – similar for Asian equities – and that is seeing some of the dollar and yen strength ease a little. Both currencies are still leading gains but are off the highs seen earlier in the day.
The main focus will be on US non-farm payrolls today for any further clues about labour market conditions and how that will relate to risk sentiment later ahead of the weekend.

Nikkei 225 closes lower by 0.39% at 22,329.94

  
Analysis, Global Indices

A softer end to the week for Asian equities

Nikkei 07-08
The risk mood in Asia was dampened by Trump’s executive orders against ByteDance and Tencent earlier in the day, prompting a fall in equities as well as US futures. The declines have been pared back a little but the mood is still more defensive for now.
The Hang Seng is down by 1.7% with Tencent stocks down by over 4% (but off the earlier lows where stocks fell 10%) and the Shanghai Composite is down by 0.9%.
In the currencies space, the dollar is still keeping firmer across the board but gains have been pared back a little as well. EUR/USD is now at 1.1845 after having moved to a low of 1.1820 earlier, with AUD/USD at 0.7210 after hitting a low of 0.7195 earlier.

European shares end the day lower. UK’s FTSE falls -1.1%.

  
Analysis, Global Indices

Down day for the major indices

The European shares are ending the day lower. The UK FTSE has fallen -1.1%. The Bank of England was very cautious about the prospects for the economy, but said that negative rates are not being considered (at least at the moment).

The provisional closes are showing:
  • German DAX, -0.4%
  • France’s CAC, -0.9%
  • UK’s FTSE 100, -1.2%
  • Spain’s Ibex, -1.1
  • Italy’s FTSE MIB, -1.3%

In the European debt market, the benchmark 10 year yields all fell on the day.

European yields are lower
In other markets as the European/London traders look to exit:
  • Spot gold is up $15.70 or 0.76% at $2053.44
  • Spot silver is up $1 or $0.04 or 3.86% $28
  • WTI crude oil futures are down $0.17 in a up and down trading session. The high price reached $42.65. The low price extended to $41.61.

US stocks have seen their share of ups and downs as well

  • S&P index is currently down -5 points or -0.15% at 3322.57
  • NASDAQ index is down -2.7 points or -0.02% at 10996
  • Dow industrial average is down 6.6 points or -0.03% at 27195

Nikkei 225 closes lower by 0.43% at 22,418.15

  
Analysis, Global Indices

A softer day for Asian equities

Nikkei 06-08

Asian stocks are on the retreat in trading today as investors continue to weigh up the virus situation globally as well as the stalemate between US lawmakers on a stimulus deal, alongside the more exuberant mood in Wall Street overnight.

The better mood from US equities isn’t quite translating over with the Hang Seng seen down 1.6% while the Shanghai Composite is also down by 0.8% currently.
That said, the mood in US futures are more calm with S&P 500 futures up ~0.1% but off earlier highs in Asia Pacific trading. All eyes will be on Congress and whether or not they can reach a stimulus deal ahead of the weekend, though optimism is slowly fading.
In the currencies space, the dollar is still keeping a little weaker with EUR/USD up to 1.1885 though keeping in a narrower range for the day – only 23 pips up to 1.1900, extending gains following the BOE decision.
USD/JPY is also lower, down to 105.45 but is settling in a 23 pips range in trading thus far.

European shares end the day higher. UK FTSE leads the move

  
Analysis, Global Indices

The UK FTSE rise by 1.1%

The major European indices are ending the day higher. The gains today are led by the UK FTSE 100 despite the higher GBP.
The provisional closes are showing
  • German DAX, +0.4%
  • France’s CAC, +0.8%
  • UK’s FTSE 100, +1.1%
  • Spain’s Ibex, +0.3%
  • Italy’s FTSE MIB, +0.8%

In the European debt market, the benchmark 10 year yields are all trading to the upside.  The UK 10 year is leading the way with a 5.2 basis point gain.

The _UK FTSE rise by 1.1%

Nikkei 225 closes higher by 1.70% at 22,573.66

  
Analysis, Global Indices

A solid outing for Asian equities

Nikkei 04-08
Japanese stocks are closing higher on the back of a rally in US equities overnight, and exporter firms are also helped by a weaker yen with USD/JPY rising to 106.00.
Elsewhere, the Hang Seng is up 2% while the Shanghai Composite is up 0.5% as we approach the closing stages of the session. US futures are keeping closer to flat levels, with S&P 500 futures seen up 0.1% currently.
That is keeping the risk mood in markets more in-check as we look towards European trading. EUR/USD is little changed at 1.1765 while USD/JPY is mildly higher at 106.10.

Nikkei 225 closes higher by 2.24% at 22,195.38

  
Analysis, Global Indices

A good start to the week for Japanese stocks

A good start to the week for Japanese stocks
The more positive mood from US trading at the end of last week is helping somewhat, but also the fact that we saw a modest drop in the yen against the dollar and that is contributing to a better mood among exporter firms to start the week.
Elsewhere, the mood in Asia is more mixed with the Hang Seng down 0.7% while the Shanghai Composite is up 1.4%. US futures are more flat ahead of European trading.
That is keeping the risk mood more tepid for the time being, with major currencies observing little change in general. The franc is a little lower though to start the day, still coming off fresh five-year highs against the dollar on Thursday last week.
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