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European shares end the session with solid gains

  
Analysis, Global Indices

Most major indices up over 1%. UK FTSE lags as they digest PM Johnson

The major European shares are ending the session with solid gains, with most of the indices enjoying gains over 1% on the day.
The provisional closes are showing:
  • German DAX, +1.8%
  • France’s CAC, +1%
  • UK’s FTSE, +0.7%
  • Spain’s Ibex, +1.5%
  • Italy’s FTSE MIB, +1.01%
In the European debt market, the 10 year benchmark yields are ending the session with mixed results:

Most major indices up over 1%. UK FTSE lags as they digest PM Johnson

In other markets as it European traders look for the exits:
  • spot gold is down $-2.80 or -0.20% at $1422.20
  • WTI crude oil futures are trading unchanged at $56.22
In the US stock market, the major indices have given up some of their gains. The Nasdaq is trading above and below the unchanged level currently
  • S&P index +0.16%
  • NASDAQ index, -0.02%
  • Dow +0.17%

In the forex, the USD is the strongest of the majors with solid gains vs the EUR, AUD and NZD, the NZD is the weakest:

Nikkei 225 closes higher by 2.00% at 21,466.99

  
Analysis, Global Indices

Asian equities buoyed by dovish chatter from Fed officials about a rate cut

Nikkei 19-07

Despite some pullback in the dollar and Fed expectations since overnight trading, equities are still in a more buoyant mood and are also helped by the fact that Microsoft earnings beat expectations handily with the forecast also looking more upbeat.

That is leading to gains seen among Japanese stocks with tech leading the charge. The Hang Seng and Shanghai Composite are also trading higher by 1.1% and 0.7% respectively and the positive vibes should feed through into European trading.
USD/JPY holds firmer at 107.65 at session highs on the more upbeat tones here and in Treasury yields, with 10-year yields up by 2.2 bps to 2.047% currently.

European shares and the session lower on the day

  
Analysis, Global Indices
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10 year benchmark interest rates are also lower

The major European stock indicesare closed and showing losses for the day. The provisional closes are showing
  • German DAX, -0.84%
  • France’s CAC, -0.32%
  • UK’s FTSE, -0.54%
  • Spain’s Ibex, -0.72%
  • Italy’s FTSE MIB, unchanged

In the benchmark 10 year notes, yields are also lower but off the lower extremes.

10 year benchmark interest rates are also lowerIn other markets as London/European traders look to exit:
  • Spot gold is near unchanged levels at $1426.30. It was lower on the day at $1414.73 before reversing back to the upside. At the lows, the contract got close to the 100 hour moving average at 1413.87 (the low reached $1414.73).

Nikkei 225 closes lower by 1.97% at 21,046.24

  
Analysis, Global Indices

Tokyo’s main index struggles as equities fall in Asian trading

Nikkei 18-07

The Nikkei is leading losses seen in Asia after Japanese trade data saw exports slide for a seventh consecutive month – and more than expected – prompting Japanese stocks to fall amid growing concerns about the slowing global economy.
The heavyweight tech and industrials sectors led losses, with softer sentiment from US equities overnight and futures today also helping to see other Asian equities marked lower. The Hang Seng and Shanghai Composite are both down by 0.6% currently.
The sentiment is seen spilling over to Europe as well and is helping to give the yen a bit of a push as we begin European morning trade. USD/JPY holds near session lows now at 107.62 also backed by a weaker dollar on the day.

European shares closing with losses

  
Analysis, Global Indices
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German Dax, Frances, CAC, UK FTSE all in the red

The major European stock indices are closing with losses on the day.  The provisional numbers are showing:
  • German DAX, -0.72%
  • France’s CAC, -0.77%
  • UK’s FTSE, -0.61%
  • Spain’s Ibex, -1.17%
  • Italy’s FTSE MIB, -0.56%
In the European debt market the benchmark 10 year yields are also lower.   France’s yield is back below the 0.0% level (closed at 0.009% yesterday), trading at -0.036% near the close.
German Dax, Frances, CAC, UK FTSE all in the red

Nikkei 225 closes lower by 0.69% at 21,535.25

  
Analysis, Global Indices

Tokyo’s main index closes lower in mixed session for Asian equities

Nikkei 16-07

Japanese stocks aren’t having the best of days with all sectors posting losses in trading today. Industrials and consumer staples were the heavy losers and that is contributing to the decline in the Nikkei after the break yesterday.

Chinese equities are mixed as the Hang Seng is up by 0.2% but the Shanghai Composite is down by 0.2%. Investors remain cautious for the most part with US retail sales data still to come later and little direction seen in US-China trade talks still.
Overall, markets remain more steady in general with US futures little changed and Treasury yields also near flat levels. 10-year yields are holding at highs of 2.092% currently but are only 0.3 bps higher on the session.
As such, that isn’t giving currencies much to work with as well. USD/JPY holds just above the 108.00 handle now but maintains a narrow trading range today.
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