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Not a good day, week or month for European indices

  
Analysis, Global Indices
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Major indices also closed down sharply on the week

It was not a good day for the European stock markets with all the major indices closing over -1.1% on the day.

The provisional closes are showing:
  • German DAX -1.22%
  • France’s CAC, -1.1%
  • UK’s FTSE 100, -1.4%
  • Spain’s Ibex, -1.1%
  • Italy’s FTSE MIB, -2.29%
For the week, the major indices had sharp falls as well. The provisional changes for the week show:
  • German DAX, -4.3%
  • France’s CAC, -3.5%
  • UK’s FTSE 100 -4.0%
  • Spain’s Ibex, -1.9%
  • Italy’s FTSE MIB, -3%
For the month of January, major indices were also negative.  The provisional changes for the month show:
  • German DAX, -2%
  • France’s CAC, -2.87%
  • UK’s FTSE 100, -3.4%
  • Spain’s Ibex, -1.76%
  • Italy’s FTSE MIB, -1.15%
Not a good day, not a good week, and not a good start to the year for the European indices

Nikkei 225 closes higher by 0.99% at 23,205.18

  
Analysis, Global Indices

Mixed markets in Asia amid coronavirus concerns still

Nikkei 31-01

Japanese stocks are mostly taking their cue from Wall Street after the overnight surge higher, brushing aside fears surrounding the coronavirus outbreak situation.

The WHO officially declared the outbreak a global emergency but limited their warning by saying that “there is no reason for measures that unnecessarily interfere with international travel and trade” to/with China for now.
The Hang Seng index is down by 0.4% with some softer tones also observed in other regional stocks. US futures are keeping more calm though, staying near flat levels currently.
As such, USD/JPY is still keeping a tad higher around 109.05 ahead of European trading.

Nikkei 225 closes lower by 1.72% at 22,977.75

  
Analysis, Global Indices
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The Nikkei falls back below the 23,000 mark

Nikkei 30-01

Fears surrounding the coronavirus outbreak continue to reverberate across markets and risk trades are largely suffering as a result. The fact that Facebook earnings wasn’t good enough – slower growth and profits guidance – only adds oil to the risk-off fire today.

US futures are down by 0.5% while Treasury yields are marked lower across the board following a sharp drop yesterday. 10-year yields are now at 1.568%, down by 1.5 bps.
As a result of the softer risk mood, USD/JPY is sitting around 108.92 currently – with focus turning to the 100-day moving average @ 108.75 once again.

European major indices end higher on ebbing fears

  
Analysis, Global Indices

German DAX +0.83%. France’s CAC, +1.08%

The major European indices are ending the day higher as having fears of the coronavirus lead to risk on flows.
  • German DAX, +0.83%
  • France CAC, +1.08%
  • UK’s FTSE 100, +0.95%
  • Spain’s Ibex, +1.25%
  • Italy’s FTSE MIB, +2.2%
In the European debt market, the benchmark 10 year yields are mostly higher with the exception of the Italian 10 year which fell by a modest -1.0 basis point
German DAX +0.83%. France's CAC, +1.08%_
In other markets:
  • Gold is currently trading down $-12.72 or -0.8% at $1569.50. The low price reached $1567.50
  • WTI crude oil futures are up $0.61 or 1.17% at $53.75
US stocks are trading near high levels for the day and up smartly:
  • S&P index, +1.05%
  • NASDAQ index, +1.34%
  • Dow up 0.79%

European shares end sharply lower on the day on global growth concerns

  
Analysis, Global Indices
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Coronavirus hurting major indices

European major indices are ending sharply lower on the back of global growth concerns as a result of the coronavirus.  The provisional closes are showing:
  • German DAX, -2.6%
  • France’s CAC, -2.7%
  • UK’s FTSE 100, -2.32%
  • Spain’s Ibex, -1.9%
  • Italy’s FTSE MIB -2.2%

In the European debt markets, yields are ending sharply lower with Italy leading the way after regional elections turned back attempts from Salvini’s attempt to bring national politics more to the right (and away from the EU).  Investors flocked into the Italian debt instruments.

European yields are sharply lower with Italy leading the way

In other markets as European/London traders look to exit are showing:
  • spot gold up $10.70 or 0.68% $1582.25
  • WTI crude oil futures are down $1.56 4-2.86% at $52.64. That is off the low $52.13.  Brent crude oil futures are down $1.77 or 2.9% at $58.93. It’s low reached $58.50

Asian stocks slide as coronavirus fears spook markets : Nikkei 225 closes lower by 2.03% at 23,343.51

  
Analysis, Global Indices
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Asian stocks slide as coronavirus fears spook markets

Nikkei 27-01

There’s still a high degree of uncertainty involving the new coronavirus outbreak situation and that is keeping markets very nervous to kick start the week.

Chinese markets may be closed but A50 futures are taking a beating – even down by over 5% earlier – as risk aversion continues to flow throughout markets.
US 10-year yields are down to their lowest level since October, 4.8 bps lower on the day at 1.635% as we look towards European trading. Meanwhile, the likes of the yen and gold are bid as safety flows are the name of the game to start the day.
USD/JPY sits at 109.05 currently while commodity currencies such as the aussie and kiwi are also being weighed lower, alongside the offshore Chinese yuan.

European shares rebound to end the week

  
Analysis, Global Indices
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German Dax up 1.3%.  France’s CAC, up 0.8%.  UK’s FTSE 100, +1.1%

The major European indices are ending the day higher.  For the week all but the German Dax fell.
A look at the provisional closes are showing:
  • German DAX, +1.3%
  • France’s CAC, +0.8%
  • UK’s FTSE 100, +1.1%
  • Spain’s Ibex, +0.4%
  • Italy’s FTSE MIB +1.0%

For the week, all but the German Dax are ending lower.  Provisional changes are showing

  • German DAX +0.32%
  • France’s CAC -1.34%
  • UK’s FTSE 100 -1.1%
  • Spain’s Ibex -1.3%
  • Italy’s FTSE MIB -0.82%
In other markets as the European/London traders look to exit:
  • Spot gold is trading up $9.80 or 0.64% at $1572.90
  • WTI crude oil futures are trading down $1.43 or -2.57% at $54.16
US stocks have tilted back to the downside as a US Sen. tells of the 3rd case of the coronavirus in the US.  Weekend fear is being elevated:
  • S&P index -15.78 points or -0.46% at 3309.78
  • NASDAQ index -24.97 points or -0.26% at 9377.62
  • Dow -87 points or -0.29% at 29073.83
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