Archives of “Global Indices” category

rss

Nikkei 225 closes lower by 4.50% at 18,065.41

  
Analysis, Global Indices

A rough day for Japanese stocks, particularly in the closing hour

Nikkei 01-04

Asian equities have turned more sour as the risk mood softens ahead of European trading today. It is a new month and new quarter, so fresh flows and sentiment will be evident after talk of re-balancing action over the past week.

Concerns of the virus outbreak becoming more widespread in Japan and the continued economic fallout globally is stoking fears among investors it seems.

The Hang Seng is down by over 2% while Chinese equities have also seen earlier gains – largely on the back of stimulus hopes – fade with the Shanghai Composite also down at the lows now, falling by 0.3% going into the final hour of trading.
US futures are down by over 3% currently and that is setting a bit of a softer tone to start the session. USD/JPY is keeping a little lower at 107.36 as such.

Nikkei 225 closes lower by 0.88% at 18,917.01

  
Analysis, Global Indices

The Nikkei posts its biggest quarterly loss since Q4 2008

Nikkei 31-01

A mixed day for Asian equities sees the Nikkei end lower as the index posts a quarterly loss of 20% in Q1, the largest decline since Q4 2008.

Elsewhere, he Hang Seng is up by 0.7% but is on course for a 17% drop in the first quarter while Chinese indices are flat, with the CSI 300 index set to close 10% down in Q1 2020.
As for today, US futures are still looking more tepid and indecisive despite some solid gains overnight. E-minis are now down by 0.2%, little changed on the day.
In the currencies space, the dollar is keeping slightly firmer but so is the likes of the aussie and kiwi to start the European morning session. USD/JPY is up to 108.20 currently but off highs of around 108.70 earlier in Asia Pacific trading.

European major indices end the session with mostly gains. Spain’s Ibex down however

  
Analysis, Global Indices

Major indices recovered from sharp declines earlier in the day

European major indices are ending the session with mostly gains. Spain’s Ibex is the exception. Most of the indices are well off of their earlier lows:

The provisional closes are showing:
  • German DAX, +1.6%. The low reached -1.86%
  • France’s CAC, +0.5%. The low reached -3.1%
  • UK’s FTSE 100, +0.9%. The low reached -2.88%
  • Spain’s Ibex, -1.15%. The low reached -3.9%
  • Italy’s FTSE MIB, +0.7%. The low reached -3.0%
in the European debt market, the benchmark 10 year yields are mixed with Germany, France and UK yields lower while Spain, Italy, Portugal yields moving higher:
Major indices recovered from sharp declines earlier in the day_

Major indices close lower after late day rally fizzles out

  
Analysis, Global Indices, US Market
#  #  #  #  #  #  #  #  #  #

Another big move in the last hour of trading

The major indices are closing lower on the day after the late day rally fizzled out.
Starting the last hour of trading, the major indices were trading at:
  • S&P index 2584.95, down -45.12 points or -1.72%
  • NASDAQ index 7648.96, down -148.57 points or -1.91%
  • Dow 22046.95, down -505.18 points or -2.24%

The closing levels are lower at:

  • S&P index fell -88.62 points or -3.37% to 2541.45
  • NASDAQ index fell -295.15 points or -3.79% to 7502.37
  • Dow fell -915.39 points or -4.06% to 21636.78
Over the last hour of trading, the major indices each traded to new day highs, but quickly sold off and are closing near the session lows (with the NASDAQ just off the day’s lows). In the last hour of trading, the:
  • S&P index went from a high of 2615.91 to a low of 2534.99 or a range of 80.92 points
  • Nasdaq index went from a high of 7716.24 to a low of 7497.02 or a range of 219.2 points
  • Dow went from a high of 22327 to a low of 21602 or a range of 725 points

Another big move in the last hour of tradingAlthough lower for the day for all major indices closed with gains.

Leading the way was the Japan’s Nikkei with a gain of +17.14%. In the US, the biggest gainer was the Dow up by 12.84%. It was helped by a move back higher in Boeing.   Boeing shares went from $97 on Monday to around $180 at the highs. It is closing today around $162.  The gain for the week was at 70.48%

The S&P index rose by 10.26%.  The NASDAQ gained 9.05%.

Other big gainers for the week were:
  • Delta Air Lines +38.36%
  • United Airlines +33.8%
  • Slack +28.3%
  • Home Depot up 25.05%
  • intuitive surgical, +24.41%
  • Nike up 23.51%
  • Nvidia, +22.75%
  • Micron, +20.41%
  • Tesla, +20.36%
  • Broadcom, +20.2%
  • American Express up 19.56%
  • United Technologies up 17.69%
  • United health up 17.04%
  In Europe the biggest gainer was the German DAX which rose 7.88%.

Nikkei 225 closes higher by 8.04% at 19,546.63

  
Analysis, Global Indices
#  #

Three solid days of gains on the trot for the Nikkei

Nikkei 25-03

The Nikkei closes at its highs for the day as equities are getting a boost from the US reaching a stimulus deal to combat the economic fallout from the virus outbreak.
The mood among Asian equities is also more positive after solid gains from Europe and Wall Street yesterday, with the Dow posting 11% gains – the most since 1933.
The Hang Seng is up by just over 3% with Chinese indices also up by just over 2% as we approach the closing stages of Asia Pacific trading.
The overall risk mood is leaning more positive but again, a deal in Washington is very much expected so can this stay the course and keep the risk mood upbeat today?
We’ll have to wait and see. The timing couldn’t be more tricky as we have seen three weeks of carnage in the market and bear market bounces tend to be among the sharpest.
In the currencies space, the aussie and kiwi are leading the charge as they both surged higher after the US agreement. The dollar remains on the back foot still as the market seeks a calmer mood so far on the trading week.

Nikkei 225 closes higher by 7.13% at 18,092.35

  
Analysis, Global Indices

Asian equities rise after Fed launches unlimited QE overnight

Nikkei 24-03

The promise of the Fed backstopping the US economy and Washington said to be closer to a stimulus package agreement is boosting investor hopes in Asian trading today.

The Hang Seng is up by 3.8% while the Shanghai Composite is up by 1.1% on the day, as US futures are keeping over 3% gains for the time being after a bit of a subdued reaction to the events from overnight trading.
But with the dollar easing a little today, it is also helping to give some reprieve to the market in general as risk is faring better to start the session.
This sets up a positive platform for European stocks to build on but the question is, can this stay the course until the end of the day? Things are still far from certain at this stage.
For now, the dollar is keeping weaker across the board with USD/JPY down to 110.32 and EUR/USD sitting just under the 1.0800 handle.

Nikkei 225 closes higher by 2.02% at 16,887.78

  
Analysis, Global Indices

The Nikkei is the exception to the rule to start the trading week

Nikkei 23-02

And this mostly comes after Japan had a long weekend with the BOJ continuing to buy up ETFs as well. Notably, Softbank shares are rebounding strongly after the company committed to more share buybacks earlier in the day.

Elsewhere in the region, it is but a bloodbath as the Hang Seng is down by over 4% with Chinese equities seeing over 2% losses on the day.
Indian stocks are experiencing the biggest losses though, with the Sensex now down by over 11% after trading was halted earlier after hitting a circuit breaker.

In the currencies space, the risk-off mood is helping to keep the yen underpinned with the dollar slightly on the back foot as USD/JPY trades at 109.85 currently.

European shares close session higher

  
Analysis, Global Indices

German DAX, +3.0% France’s CAC, +4.3%, UK FTSE +0.1%

The European shares are closing the session higher, with the UK FTSE lagging:

  • German DAX, +3.0%
  • France’s CAC, +4.3%
  • UK’s FTSE 100, +0.1%
  • Spain’s Ibex, +0.9%
  • Italy’s FTSE MIB, +1.4%
After a few days of rising yields, the trajectory of rates push back to the downside across the board. German 10 year yields fell -12.8 basis points. UK yields fell by -17.2 basis points.
European 10 yields are down sharply

European equities in a mixed mood to start the day

  
Analysis, Global Indices

Investors scratching their heads on what to make do of the ECB stimulus

  • Stoxx 600 -0.6%
  • Germany DAX -0.6%
  • France CAC 40 +0.4%
  • UK FTSE +0.1%
  • Italy FTSE MIB +3.0%
On the one hand, Italy seems to be responding well but that is mainly because of BTPs surging and bank stocks are heavily weighted in the FTSE MIB. But elsewhere, the mood is more mixed as we are seeing stocks fluctuate between flat levels and losses and gains.
Update: The DAX has already seen a swing from 0.7% gains at the open to 0.6% losses and is now back up by 0.5%.
Go to top