Archives of “Global Indices” category

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European shares close mostly lower but off lows for the day

  
Analysis, Global Indices
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German DAX, -0.16%, France’s CAC, -0.36%

The major European indices are now close for the day and indices are closing lower but well off the lows for the day. The provisional closes are showing:

  • German DAX, -0.16%. It was as low as -1.26%
  • France’s CAC, -0.36%. It was as low as -1.25%
  • UKs FTSE 100, -1.25%. It was as low as -1.69%
  • Spain’s Ibex, -0.16%. It was as low as -1.47%
  • Italy’s FTSE MIB bucked the trend and rose by 0.19% That is up from a low of -1.10%.
In debt market, the benchmark 10 year yields are mostly lower with the exception of the UK. The ranges and changes are currently showing:
The European 10 year yields are mostly lowerIn other markets:
  • Spot gold is trading up $10.07 or 0.64% $1576.09
  • WTI crude oil is up $0.27 or 0.53% of $51.45
in the US equity market, the earlier declines in stocks have been mostly raised in the broad indices at least. The Dow is still negative:
  • S&P index is down -1.5 points or -0.5% at 3378. The hi reached 3380.36
  • NASDAQ index is unchanged at 9725.40. The high reached 9732.87.
  • Dow is down 78 points or -0.27% at 29471.4.
In the US debt market, yields are off lows but still remain modestly lower on the day.
US yields are still lower but off the lowest levels
The ranking of the major currencies shows the GBP is the strongest and the NZD is the weakest.

Nikkei 225 closes lower by 0.14% at 23,827.73

  
Analysis, Global Indices
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Asian equities slip on renewed coronavirus concerns

Nikkei 13-02

The jump in the number of cases reported by Hubei here – owing to a reclassification – is causing investors to be a little unsettled to start the day, as concerns surrounding the coronavirus outbreak continue to persist.

That has seen risk trades take a bit of a hit, with Chinese equities on course to snap their seven-day rally; Shanghai Composite is down by 0.8% currently.
USD/JPY is lingering near the lows around 109.84 currently as Treasury yields are also marked lower with 10-year yields down 3.6 bps to 1.597% at the moment.

European shares end with solid gains

  
Analysis, Global Indices

German DAX +0.89%

The European shares are ending the day with solid gains, led by the German DAX which is trading up 0.89%
A look at the closes shows:
  • German DAX, +0.89%
  • France’s CAC, +0.75%
  • UK’s FTSE 100, +0.5%
  • Spain’s Ibex, +0.48%
  • Italy’s FTSE MIB, +0.75%
Below are the ranges for the major indices in Europe. Most are closing toward the upper end of the low to high trading range

European shares close higherPS, the NASDAQ index and S&P index are trading near session highs. The Dow is in the middle of the trading range but still higher on the day.

Chinese equities make it seven in a row in another solid day of gains

  
Analysis, Global Indices

The CSI 300 index has more or less filled the gap lower from the reopen last Monday after the Chinese New Year break

The CSI 300 index has more or less filled the gap lower from the reopen last Monday after the Chinese New Year break

SHCOMP
Chinese equities have now posted seven consecutive days of gains after the restart last Monday, with the CSI 300 and Shanghai Composite indices closing up by 0.8% and 0.9% respectively in trading today.
Notably, the former has more or less filled the gap lower from the sharp drop last Monday with the latter not far away from doing the same. Just give it a few more days.
Virus? What virus?
PBOC

Shanghai Composite continues to chew into the gap

  
Analysis, Global Indices

Fears fading

Fears fading
The clearest sign of coronavirus fears ebbing along with the massive liquidity injections from the PBOC is the recovery in the Shanghai Composite.
The Chinese stock index took a swan dive when it re-opened after the lunar new year holiday and then briefly fell even further on the second day of trading. Since then however it has climbed in six straight days. The bid has dried up a bit today but there is still plenty of gap to be filled.

European shares start the week with modest declines

  
Analysis, Global Indices

Major indices close with small declines

The European shares are starting the week with modest declines. A look at the provisional closes are showing:

  • German DAX, -0.18%
  • France’s CAC, -0.22%
  • UK’s FTSE 100, -0.26%
  • Spain’s Ibex, unchanged
  • Italy’s FTSE MIB bucked the trend with a gain of 0.1%
In the European debt market, the benchmark 10 year yields are ending mostly lower. The exception is the Italian 10 year yield which eked out a 0.5 basis point gain.
Major indices close with small declines 
In other markets as London/European traders look to exit.
  • The EURUSD is trading at session lows and down 34 pips on the day
  • The EURGBP is also trading near lows at down 43 pips on the day
  • The GBPUSD is higher but off its NY session high at 1.29455. The current price is trading at 1.2913.
  • The GBP is the strongest of the majors, while the EUR is the weakest.
  • The USDJPY, USDCHF and AUDUSD are trading within 3 pips of the Friday close
  • The USDCAD is trading just off its high for the day after moving down about 20 pips into the London morning session, only to snap back higher (and trade up about 20 pips) in the New York session
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