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Nikkei 225 closes lower by 0.45% at 23,916.58

Asian equities lose some ground ahead of US-China trade deal signing

Nikkei 15-01

The sentiment sort of mirrors the slight climb lower in Wall St during overnight trading, as investors continue to keep their attention on the US-China trade deal signing.

The signing ceremony is scheduled for 1630 GMT and all eyes are on that now with the details of the deal something to watch out for as well. In general, markets are keeping a bit more calm today despite a mild retreat in stocks and US futures.
USD/JPY is trading a little lower just under the 110.00 handle while gold is keeping higher just above $1,550 amid a bit of a mixed mood to start European morning trade.

European shares end the session mixed

German DAX, -0.3%. UK FTSE, up 0.3%

The major European indices are ending the day with mixed results.  Looking at the provisional closes:

  • German DAX, -0.3%
  • France’s CAC, -0.12%
  • UK’s FTSE 100, +0.31%
  • Spain’s Ibex, -0.32%
  • Italy’s FTSE MIB, -0.6%
  • Portugal’s PSI 20, unchanged
In the debt market, the benchmark 10 year yields are mostly higher with the exception of the UK at -2.1 basis points.
German DAX, -0.3%. UK FTSE, up 0.3%_
In other markets,
  • Spot gold is trading down $10.11 or my 0.65% at $1552.29
  • WTI crude oil futures are trading down at $0.74 or -1.25% at $58.30. The low reached $57.97
In the US stock market, the major indices are trading near high levels. The S&P index and NASDAQ index are also above their highest close levels.
  • The S&P index up 13.77 points or 0.42% at 3279.17. The high close was 3274.70.
  • The NASDAQ index is trading up 54.7 points or 0.60% at 9233.55. The high close for it was at 9203.42. The all-time intraday high is up at 9235.19. The price is close to breaking that level
  • The Dow industrial average is up 58 points or 0.20% at 28883. The high close for its is at 28956.90. The price remains below that level

Nikkei 225 closes higher by 2.31% at 23,739.87

Asian equities rebound as US-Iran tensions subside

Nikkei 09-01
Japanese stocks rebound sharply as geopolitical tensions in the Middle East ebb after US president Trump chose the path of de-escalation in overnight trading. The Hang Seng is also up by 1.3% while the Shanghai Composite is up by 0.7% so far today.
As markets stick to the calmer risk mood, risk trades should fare decently in the day ahead. US futures are up by 0.2% and that should help European equities keep mildly higher going into early trades later in the morning.
In the currencies space, USD/JPY is at session highs at 109.30 after keeping above its 200-day moving average. The dollar is mildly weaker but overall ranges remain narrow for now.

European shares end the session with gains

German DAX, +0.7%. UK FTSE 100 unchanged

While Pres. Trump was finishing up his address, the European stock indices are closing for the day.
The closes are showing:
  • German DAX, +0.71%
  • France’s CAC, +0.31%
  • UK’s FTSE 100, +0.01%
  • Spain’s Ibex, +0.12%
  • Italy’s FTSE MIB, +0.46%
The major indices also closed nearer their highs for the day.
Meanwhile over in the US, the rally continues with the S&P, NASDAQ and Dow all trading at session highs and up about 0.75% on the day.  The S&P and NASDAQ are both trading at record highs.

Nikkei 225 closes higher by 1.60% at 23,575.72

Japanese stocks climb as geopolitical fears subside

Nikkei 07-01
US-Iran tensions are still persisting but markets are sensing that the fear is abating and that is helping to push Asian equities higher on the day. The Hang Seng and Shanghai Composite are also both up by 0.5% going into the closing stages of the session.
Looking ahead, European equities should also see a rebound from the late surge in Wall St overnight with US futures also up by 0.2% currently. In the currencies space, the dollar is keeping more firm to start the day though USD/JPY is near unchanged around 108.37.

European shares end the 1st day of the year with solid gains

German DAX rises by 1.11%. UK FTSE up 0.87%

the major stock indices in Europe are ending the 1st day of the year was solid gains. Spain’s Ibex and Italy’s FTSE MIB led the way with 1.4% gains.
A look at the provisional closes are showing:
  • German DAX, +1.11%
  • France’s CAC, +1.14%
  • UK’s FTSE, +0.87%
  • Spain’s Ibex, +1.4%
  • Italy’s FTSE MIB, up 1.4%
  • Portugal PSI 20, up 1.0%
In the debt market, the benchmark 10 year yields so yields move lower. The German and French 10 year oat fell -3.8 basis points on the day. Italy’s 10 year note rose by 0.3 basis points.
European 10 year yields are lower
In other markets as European traders look to exit:
  • Spot gold is up $10.77 or 0.71% at $1528.06. The price is off its high at $1531.40
  • WTI crude oil futures are now trading lower by $0.27 or -0.44% at $60.78. That is near the low price for the day at $60.70. The high price extended to $61.60
In the US stock market the major indices are off their highs for the day (all-time intraday highs were reached in the S&P and NASDAQ).
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