Archives of “Global Indices” category

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Nikkei 225 closes lower by 1.74% at 20,720.29

  
Analysis, Global Indices

Asian equities tumble amid sour risk sentiment in markets

Nikkei 05-08

It’s a rough start to the week for risk assets and equities are getting pummeled all over the place. The fallout in US-China trade talks is the main reason here with China seemingly abandoning all hope after allowing the yuan to weaken past 7.00 per dollar.
The Hang Seng is down by 2.8% while the Shanghai Composite is down by 1.2% on the day. European equities are expected to open with heavy declines as well as markets are in a risk-off mood to begin the session.
As such, the yen and franc are still the usual suspects in terms of outperformers today.

European equity close: Stocks beaten up but finish off the lows

  
Analysis, Global Indices

Closing changes for the main European bourses:

  • UK FTSE 100 -2.2%
  • German DAX -2.9%
  • French CAC -3.1%
  • Spain IBEX -1.4%
  • Italy MIB -2.0%
On the week:
  • UK FTSE 100 -1.75%
  • German DAX -4.2%
  • French CAC -4.1%
  • Spain IBEX -3.4%
  • Italy MIB -3.2%

It was a rough week as the ECB disappointed and the trade war ramped up. The measured target of that head-and-shoulders pattern points to a dip all the way to the June lows.

Closing changes for the main European bourses:

Eurostoxx futures +0.2% in early European trading

  
Analysis, Global Indices

Mild positive tones observed in early trades

  • German DAX futures +0.2%
  • French CAC 40 futures +0.4%
  • UK FTSE futures +0.1%
This is more reflective of US equity futures which are up by about 0.2% on the day as well. Sentiment is mostly buoyed by solid Apple earnings yesterday after the closing bell but all eyes will be on the Fed today for further direction.
USD/JPY holds more steady at 108.58 currently, sitting in a narrow 15 pips range so far today.

Nikkei 225 closes lower by 0.87% at 21,521.53

  
Analysis, Global Indices

Trade concerns weigh on Asian equities ahead of the Fed

Nikkei 31-07

The rhetoric by Trump overnight isn’t helping with sentiment in equities on the day with Asian stocks mostly slumping as trade talks continue in Shanghai today.

Trump’s remarks basically cemented already low expectations to be even lower and that isn’t helping with the mood in Asian trading. The Hang Seng is down by 1.3% while the Shanghai Composite is down by 0.5% currently.
US and European futures are a little bit more upbeat, buoyed by more solid Apple earnings after the bell yesterday. That displays more mixed sentiment in markets ahead of the Fed decision later on in the day.
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