Archives of “Global Indices” category

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Nikkei 225 closes higher by 1.52% at 19,429.44

  
Analysis, Global Indices

A positive day for Asian equities

Nikkei 23-04

This follows the better performance in Wall Street in overnight trading but also as we see some calmer tones towards the start of European trading today.

The Hang Seng is up by 0.5% while the Shanghai Composite is up by 0.2% currently.
US futures pared earlier losses but are still keeping near flat levels for the moment. In the currencies space, the dollar is mildly weaker with AUD/USD near the highs still at 0.6342.
Over to Treasuries, there are still some tepid tones there with 10-year yields keeping slightly near flat levels around 0.614% at the moment.

Nikkei 225 closes lower by 0.74% at 19,137.95

  
Analysis, Global Indices

A softer day for Japanese stocks but not as bad as it could have been

Nikkei 22-04

Asian equities are more mixed in trading today, performing better in afternoon trade as US futures also race a little higher ahead of European trading.

The Hang Seng is up by 0.2% while the Shanghai Composite is up by 0.4% currently, as S&P 500 futures gain by about 0.7% to session highs.
In the currencies space, this is helping a little with the aussie as AUD/USD runs to 0.6320 but the yen is also still holding its ground in general thus far.
Elsewhere, Treasuries are still treading with caution as 10-year yields are down by 1.7 bps to around 0.55% as we begin the morning in Europe.

Major European indices end the day with sharp declines

  
Analysis, Global Indices

German DAX down -3.88%. Investors shunning Italian debt

The major European indices are ending the day with sharp declines as coronavirus fears and global slowing weighs on the markets.

The provisional closes are currently showing:
  • German DAX, -3.88%
  • France’s CAC, -3.56%
  • UK’s FTSE 100, -2.85%
  • Spain’s Ibex, -3.95%
  • Italy’s FTSE MIB -3.0%
Looking at the hourly chart of the German DAX below, t price today fell below the 50 hour moving average and trendline connecting recent lows . Going into the close , the price has also fallen below its 100 hour moving average at 10337.90 (blue line). The next target would be the April 8 low at 10198.22. Below that and traders will be looking toward the rising 200 hour moving average currently at 9856.97 (green line in the chart below)

Eurostoxx futures +1.0% in early European trading

  
Analysis, Global Indices
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A slightly more positive tone but it belies the underlying risk tone risk

  • German DAX futures +1.0%
  • French CAC 40 futures +0.6%
  • UK FTSE futures +0.9%
Despite some positive elements to kick start the morning, it doesn’t quite tell the whole story in the market as we see the dollar keep slightly firmer to start the session.
US futures are also down by 0.5% currently while the bond market is hinting at more tepid tones as well. As such, be mindful of stock gains ahead of the cash market open.

Nikkei 225 closes lower by 1.15% at 19,669.12

  
Analysis, Global Indices

Japanese stocks slump to kick start the new week

Nikkei 20-04

A mixed picture for Asian stocks today, with some hints of softness amid lingering concerns surrounding the virus outbreak in the region. The Hang Seng is also down by 0.2% so far today, with US futures down by around 0.5% currently.

It is a mixed picture for risk so far today with European futures keeping slightly higher, while bond yields are mildly lower currently.
In the currencies space, the overall mood is also mixed with the yen sitting lower while commodity currencies are also down on the day as the dollar keeps firm.
USD/JPY is at 107.90 while AUD/USD is down to 0.6343 to start the European morning.

European shares close with mostly modest gains

  
Analysis, Global Indices
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German Dax up 0.5%

The European shares are closing with mostly modest gains as Germany works toward the reopening of the economy.
The provisional closes are showing:
  • German DAX up 0.5%  . The low reached -0.42%
  • France’s CAC up 0.2%.  The low reach -0.80%
  • UK’s FTSE 100 up 0.8%. The low reached -0.35%
  • Spain’s Ibex up 0.3%. The low reached -1.56%
  • Italy’s FTSE MIB up 0.7%. The low reached +0.06%
In the European debt market, the benchmark 10 year yields are ending with declines across the board, with the Italian yields falling the most at -3.9 basis points.
European yields are lower
In other markets as London/European traders look to exit shows:
  • spot gold up $10.28 or 0.60% at $1727.37
  • WTI crude oil futures are trading up $0.22 or 1.11% at $20.10

Nikkei 225 closes lower by 1.33% at 19,290.20

  
Analysis, Global Indices

japanese stocks end the day softer after the drop in Wall Street yesterday

Nikkei 16-04
Asian equities are trading more mixed with the Hang Seng down by 0.8% while the Shanghai Composite is up by 0.1% ahead of the closing stages. The turnaround in US futures is also helping the risk mood a little but it isn’t really changing things all too much in FX.
The dollar is still leading the charge, with USD/JPY keeping higher by around 0.4% just under 108.00 ahead of European trading.
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