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Nikkei 225 closes higher by 0.96% at 20,456.08

Tokyo’s main index closes higher as Asian equities feed off optimism from US stocks in overnight trading for the most part

Nikkei 27-08

However, equities are finishing the session off the highs as the positive vibes from overnight trading is somewhat tempered by a more subdued mood in trading today. Hong Kong stocks are weighed lower amid domestic worries as the protests in the city continue.

The Hang Seng index is lower by 0.3% while the Shanghai Composite holds higher by 1.3% currently. US futures are trading weaker by 0.2% so that is also weighing a bit on sentiment as we begin European trading.
Treasury yields are at their lows for the day with 10-year yields weaker by 2.5 bps to 1.51% and that is feeding to a stronger yen with USD/JPY now at 105.68 close to session lows. Expect the risk mood to be a key factor influencing trading sentiment today once again.

European shares end day with gains

German Dax up 0.4%.

The major European indices are ending the session with gains after earlier declines.
  • German DAX, +0.4%
  • France’s CAC, +0.4%
  • Spains Ibex, +0.7%
  • Italy’s FTSE MIB, +0.99%.
  • Portugal PSI 20, +0.33%
A snapshot of the US market as European traders look to exit show:
  • S&P index +0.8%
  • NASDAQ composite index, +0.98%
  • Dow industrial average, +0.82%
in other markets:
  • spot gold is up 0.23% or $3.50 at $1530.40
  • WTI crude oil futures trading up 0.41% or $0.22 at $54.39
In the European 10 year note sector yields are trading little changed on the day:
  • Germany, -0.668%, unchanged
  • France -0.377%, unchanged
  • Spain 0.129%, -1.0 basis points
  • Italy 1.326%, +1.0 basis points
  • Portugal 0.165%, unchanged
In the US debt market yields are trading lower by  -1.1 to -2.3 bps
  • two year 1.52%, -1.2 basis points
  • five year 1.394%, -2.3 basis points
  • 10 year 1.514%, -2.0 basis points
  • 30 year 2.013%, -1.1 basis points

The UK is off on holiday today. Stock and bond markets are closed.

European shares close lower and near session lows

Shares fall as trade fears intensify

The European shares are closing lower on the day, and near session lows.
The provisional closes are showing:
  • German DAX, -0.9%
  • France’s CAC, -1.0%
  • UK’s FTSE, -0.3%
  • Spains Ibex, -0.6%
  • Italy’s FTSE MIB, -1.65%
  • Portugal’s PSI 20, -1.33%
For the week, the major indices are still mostly higher:
  • German DAX, +0.4%
  • France’s CAC, +0.68%
  • UK’s FTSE, -0.1%
  • Spains Ibex, unchanged
  • Italy’s FTSE MIB, +1.0%
In other markets as London/European traders look to exit
  • spot gold is up $28.50 or 1.91% at $1526.80
  • WTI crude oil futures are down $1.70 or -3.07% at $53.65
In the US stock market prices are sharply lower:
  • S&P index -50 points or -1.71% at 2873
  • NASDAQ index down -160 points or -2.0% at 7832
  • Dow industrial average -428 points or -1.63% at 25826
In the US debt market yields are sharply lower:
US yields are lower
European benchmark 10 year yields are also mostly lower (but not as low as US yields).
European yields are mostly lower
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