Archives of “Global Indices” category

rss

Nikkei 225 closes higher by 0.40% at 21,116.89

  
Analysis, Global Indices

Tokyo’s main index climbs amid mixed sentiment in Asia

Nikkei 14-06

Asian stocks are generally subdued but the Nikkei is posting gains, taking its cue from Wall Street in overnight trading. Hong Kong and mainland Chinese equities are lower though, with lingering global trade tensions still a cause of concern for investors.

Overall risk sentiment remains more flat but on the cautious side with US futures near unchanged levels while Treasury yields are only a tad softer. USD/JPY holds steady around 108.33 as a result and I reckon markets should stay in this mood awaiting the release of the US retail sales data later.

European shares end the session with small(ish) changes

  
Analysis, Global Indices

Major indices little changed

The European shares are ending the session with small(ish) changes today
  • German DAX, +0.45%
  • France’s CAC, unchanged
  • UK’s FTSE, unchanged
  • Spain’s Ibex, unchanged
  • Italy’s FTSE MIB, +0.76%
The benchmark 10 year yields in Europe are mostly lower with the riskier countries outpacing.  Below are the high/low ranges and the current levels for the major countries 10 year yields.
Benchmark European yields are mostly lower

In other markets as London/European traders to exit:

  • spot gold is trading up $6.36 or 0.48% at $1340. That is near the highs for the day. The contract has been able to stay above it’s 100 and 200 hour moving averages (see post here).
  • WTI crude oil futures are up $1.50 or 2.97% at $52.63. The price got a boost from the attack on oil tankers in Gulf of Oman.
In the US stock market, major indices are trading higher:
  • S&P index is up 7.9 points or 0.27% at 2887.69
  • NASDAQ indexes up 34.87 points or 0.44% at 7827.70
  • Dow is up 51.2 0.20% at 26058
US yields have move lower today and are down -1.1 to -2.3 bps:
US yields a lower today

Nikkei 225 closes lower by 0.46% at 21,032.00

  
Analysis, Global Indices

Tokyo’s main index slips alongside Asian stocks on softer risk mood

Nikkei 13-06

Tech stocks were the leading losers in the Nikkei today as Japanese stocks fell in general after a poorer performance by US equities in overnight trading.

Lingering global trade tensions and continued protests in Hong Kong isn’t helping with sentiment in the region but also the fact that US equity futures are down by 0.2% won’t help to alleviate the risk mood to start the European morning.
The yen is bid as a result though gains are more measured compared to what they were in early Asian trading. USD/JPY holds at 108.36 currently, off the lows earlier at 108.17.

A down day for major European stock indices today

  
Analysis, Global Indices

Yields are mixed.

The major European stock indices renting the day down.
The closing levels are showing:
  • German DAX, -0.36%
  • France’s CAC, -0.62%
  • UK’s FTSE, -0.40%
  • Spain’s Ibex, -0.45%
  • Italy’s FTSE MIB, -0.69%
In the benchmark 10 year note sector your changes are mixed. German France and Spain yields are down marginally, while UK Italy and Portugal yields are higher.
Yields are mixed.

Eurostoxx futures -0.6% in early European trading

  
Analysis, Global Indices

Slightly softer tones in early trades

  • German DAX futures -0.6%
  • French CAC 40 futures -0.4%
  • UK FTSE futures -0.4%
Part of the story for the declines here is catch up play to the performance of US equities overnight. European equities ended the session higher yesterday before US stocks surrendered their gains to end around flat levels for the day.
The other part of the softer start here is slight weakness in US equity futures and risk sentiment as we begin the session. E-minis are down by about 0.2% as Treasury yields are also weighed lower so that is helping to keep the yen and franc bid in the early European morning.

Nikkei 225 closes lower by 0.35% at 21,129.72

  
Analysis, Global Indices

Tokyo’s main index fails to breach the 100-day moving average

Nikkei 12-06

Japanese stocks are closing at their lows amid fresh protests in Hong Kong regarding the China extradition bill, which is weighing on sentiment in the region today. The Hang Seng index is languishing at its lows, down by 1.8% currently.

That and global trade tensions is starting to put a bit of weight on risk assets in the past hour with Treasury yields inching lower alongside US equity futures, which are down by nearly 0.2% as we begin the session.
This is helping to keep the yen a little bid with USD/JPY slipping to 108.35 now. As mentioned earlier, with little on the economic calendar, expect changes in the risk mood to be the notable market driver in the European morning.

Nikkei 225 closes higher by 0.33% at 21,204.28

  
Analysis, Global Indices

Tokyo’s main index closes in on the 100-day moving average again

Nikkei 11-06

Asian stocks are mainly still carrying the good mood from yesterday with the Nikkei posting mild gains amid 0.2% gains in US equity futures to start the day.

Chinese equities are the region’s best performers as the government signaled more support for infrastructure investments, helping to boost economic sentiment. The Shanghai Composite is up by more than 2% currently.
The more positive vibes are helping to keep the yen a little weaker with USD/JPY at 108.60 now but Treasury yields are more flat on the day so that will be an area to keep an eye on in case things start to unravel in the session ahead.
Go to top