Archives of “Global Indices” category

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European shares end the session higher. German DAX leads the way

  
Analysis, Global Indices

German DAX +2.1%

The European shares of all closed higher with the German DAX leading the way with a gain of 2.13%. The Portuguese PSI 20 is the laggard with a 0.8% gain.

The final numbers are showing:
  • German DAX, +2.13%
  • France’s CAC, +1.39%
  • UK’s FTSE 100, +1.21%
  • Spain’s Ibex, +1.26%
  • Italy’s FTSE MIB, +1.86%
  • Portugal’s PSI 20, +0.8%
I the European debt market, the benchmark 10 year yields are ending the session mixed with investors fleeing the relative safe German and France in favor of Italy and Portugal.

Nikkei 225 closes higher by 0.50% at 22,549.05

  
Analysis, Global Indices

A slightly better close after the early drama

Nikkei 23-06
Japanese stocks close higher on the day with Asian equities faring better after the early drama during the session, where White House trade adviser Peter Navarro made mention that the US-China trade relationship “is over” before walking that back.
The market went for a wild ride but is eventually back to hitting the reset button for now with the Hang Seng seen up by 0.6% though the Shanghai Composite is down by 0.1%, but off its earlier lows today.
Elsewhere, US futures are also mildly weaker by about 0.2% to start the European trading as the market is keeping more tepid for the time being.
In the major currencies space, there isn’t much change across the board after the early volatility with the dollar trading closer to flat levels – mildly higher against the commodities bloc – as we get things going in the session ahead.

European major indices end the session in the red

  
Analysis, Global Indices

German DAX, -0.7%, France’s CAC, -0.7% and UK’s FTSE -0.7%

The major European indices are ending the session in the red. A look at the provisional closes are showing:

  • German DAX, -0.7%
  • France’s CAC, -0.7%
  • UK’s FTSE 100, -0.7%
  • Spain’s Ibex, -1.4%
  • Italy’s FTSE MIB -0.7%
in the European debt market, the benchmark yields are also lower. Italy leads the way with a -6.9 basis point decline. France’s yields are down -3.2 basis points. Yields are ending the session near the lowest levels.
German DAX, -0.7%, France's CAC, -0.7% and UK's FTSE -0.7%_

European major indices are ending the session with declines across the board

  
Analysis, Global Indices

German DAX, -0.7%. France’s CAC, -0.8%. UK’s FTSE, -0.6%

The major European indices are ending the session with declines across the board. The provisional closes are showing:
  • German DAX, -0.7%
  • France’s CAC, -0.8%
  • UK’s FTSE 100, -0.6%
  • Spain’s Ibex, -2.6%
  • Italy’s FTSE MIB, -0.4%

In the European debt market, the benchmark 10 year yields are ending the session mostly lower. The exception is the UK 10 year which is currently up 3.4 basis points.

German DAX, -0.7%. France's CAC, -0.8%. UK's FTSE, -0.6%_

Major European indices in the session with mixed results

  
Analysis, Global Indices

Spain’s Ibex and Italy’s FTSE MIB lower

The European stock indices are closed and are ending with mixed results. The closes are showing:

  • German DAX, +0.54%
  • France’s CAC, +0.88%
  • UK’s FTSE 100, +0.17%
  • Spain’s Ibex, -0.22%
  • Italy’s FTSE MIB, -0.2%
  • Portugal’s PSI 20, +0.41%
Spain's Ibex and Italy's FTSE MIB lower_
In the European debt market, the benchmark 10 year yields are mostly higher with the exception of the UK yield which is down -1.8 basis points. Below are the high, low yields in the closing levels.
The 10 year yield

Nikkei 225 closes lower by 0.56% at 22,455.76

  
Analysis, Global Indices

Asian stocks keep lower but not as bad as the early stages

Nikkei 17-06
The Nikkei closes lower but off the lows for the day as some jitters surrounding a second wave of infections in Beijing and geopolitical concerns weighed on risk a little.
The Hang Seng is near flat levels with the Shanghai Composite down 0.2% but both are also off their respective lows and have trimmed earlier losses for the most part.
Elsewhere, US futures are mildly softer still after observing some jitters in trading yesterday though the cash market managed to stay resilient to close higher. But there’s the sense that some of the early enthusiasm has been dashed somewhat.
Major currencies are mostly keeping in tight ranges still, with the dollar mixed across the board and the likes of the aussie and pound mildly weaker to start the session.

Major European shares close with solid gains

  
Analysis, Global Indices

Gains of 3% for most of the major indices

The European stock market is closed and the major indices that maintain solid gains on the day. The provisional closes are showing:
  • German DAX, +3.4%
  • France’s CAC, +3.0%
  • UK’s FTSE 100, +3.0%
  • Spain’s Ibex, +3.0%
  • Portugal’s PSI 20, +2.44%
  • Italy’s FTSE MIB, +3.5%

The US indices maintain solid gains but well off there high levels as concerns about acceleration in Florida, China, Texas sent shares lower. However they are off session lows as well:

  • S&P index +56.93 points or 1.86% at 3123.50. The low reached 3076.06. The high extended to 3153.45
  • NASDAQ index +159 points or 1.63% at 9884.51. The low reached 9748.38. The high extended to 9963.63
  • Dow industrial average +482 points or 1.87% at 26247. The low reached 25811.70. The low price extended to 26611.03.

WTI crude oil futures has been caught in the coronavirus fears and has dipped toward unchanged on the day. It currently trades at $37.28. That’s up $0.16. The low price reached $36.38 the high price extended to $39.36.

Nikkei 225 closes higher by 4.88% at 22,582.21

  
Analysis, Global Indices

strong gains in the Nikkei amid the risk-on tilt

Nikkei 16-06

The market has pretty much shrugged off the worries from yesterday as the risk-on tilt from the turnaround since US trading overnight is continuing into the new day.

Japanese stocks are sharply higher with the Hang Seng also near 3% gains and the Shanghai Composite also posting gains of a little over 1% currently.
Elsewhere, US futures are also solidly higher with E-minis up by 1.4% at the moment.
This is helping to keep the dollar and yen a little more pressured as we look towards European trading, with AUD/USD up by 0.4% to 0.6947 currently.

Major European indices recovered from lows and close marginally lower

  
Analysis, Global Indices

German DAX -0.3%

The major European indices are closing lower but have recovered a large chunk of the earlier declines.  A summary of the provisional closes and ranges are below:

  • German DAX, -0.3%
  • France’s CAC, -0.4%
  • UK’s FTSE 100, -0.8%
  • Spain’s Ibex, -0.3%
  • Italy’s FTSE MIB, +0.5%
The low percentage changes for the major pairs reached:
  • German DAX, -2.94%
  • France’s CAC, -3.05%
  • UK’s FTSE 100, -2.5%
  • Spain’s Ibex, -3.15%
  • Italy’s FTSE MIB, -3.1%
looking at the daily chart of the German DAX, the price low got closer to its falling 100 hour moving average at 11448.09. The low for the day reached 11597.82.
The index remains below its 200 day moving average above at 12141.01.
Trading between the 100 day moving average below and the 200 day moving average above will keep the buyers and sellers guessing. The direction will likely be contingent on the expectations for the coronavirus going forward.
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