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European stock indices and lower but well off low extremes

  
Analysis, Global Indices

European major stock indices end the session lower

The major European stock indices are ending the session lower but well off low extreme levels.
The provisional closes are showing:
  • German DAX, -0.5%
  • France’s CAC, -0.1%
  • Britain’s FTSE, -0.1%
  • Spain’s Ibex, -0.2%
  • Italy’s FTSE MIB, -0.22%
For the week, the indices are ending with gains:
  • German DAX, +1.4%
  • France’s CAC, +2.15%
  • Britain’s FTSE, +2.0%
  • Spain’s Ibex, +1.7%
  • Italy’s FTSE MIB, +1.0%
In the 10 year benchmark note sector, yields are ending lower, but off the low levels for the day. The German 10 year is still below 0.0% at -0.103%.
European major stock indices end the session lower

A good day for European indices

  
Analysis, Global Indices

Indices move higher with German Dax up 1.7%

The major European indices are ending the day higher. It is a good day for investors.
The provisional closes are showing:
  • German DAX, +1.7%
  • France’s CAC, +1.3%
  • Britain’s FTSE, +0.8%
  • Spain’s Ibex, +0.6%
  • Italy’s FTSE MIB, +1.3%
The benchmark 10 year yields are trading mostly lower, with the riskier countries ( Spain, Italy, Portugal) moving the most.
Indices move higher with German Dax up 1.7%In other markets as London/European traders look to exit:
  • spot gold, $-11.80 or -0.91% at $1285
  • WTI crude oil futures are up $1.28 or 2.06% $63.30
 US stocks continue their surge higher and  are trading near highs for the day
  • S&P index +37.5 points or 1.32% at 2888.57
  • NASDAQ index +112 points or 1.43% at 7934
  • Dow Jones up 279 points or 1.08% at 25926

European shares recover and are closing higher on the day

  
Analysis, Global Indices

German Dax up 0.9%.

The European shares recovered from losing levels earlier and are closing higher on the day. A report that Pres. Trump would delay an auto tariff decision helped to reverse the negative flows.
The provisional closes are showing:
  • German DAX, +0.9%
  • France’s, +0.4%
  • Britain FTSE, +0.6%
  • Spain’s Ibex, +0.5%
  • Italy’s FTSE MIB, the index ended down -0.2% on political concerns

Nikkei 225 closes higher by 0.58% at 21,188.56

  
Analysis, Global Indices

Asian stocks are faring better after renewed optimism in Wall Street

Nikkei 15-05

The Nikkei is closing with mild gains as markets are recovering from the beat down suffered on Monday amid lingering trade tensions between US and China. For now, risk assets are licking their wounds as things start to settle down but the dark clouds still remain so I reckon don’t look for any solid rallies to come about just yet.

US equity futures are also up by just 0.2% currently. Just be wary of more headlines to come later from Trump or from the Chinese camp. It’s very much a battle between greed and fear now, so let’s see how things will play out.

Nikkei 225 closes lower by 0.59% at 21,067.23

  
Analysis, Global Indices

Tokyo’s main index closes lower, but near the highs for the day

Nikkei 14-05

As mentioned earlier, the losses seen in Asian stocks today belie actual market sentiment which is looking more optimistic. The negative tones in Asia is mostly a bit of a catch up play to overnight declines in Wall Street more than anything else, but the losses itself have been pared slightly since early morning trade.

US equity futures are up by 0.5% currently with Treasury yields also inching higher and that is helping to keep yen pairs underpinned, as USD/JPY trades at 109.65 currently.

European equities slump into the close

  
Analysis, Global Indices

Closing changes for the main bourses:

Rough start to the week after a poor run last week:
  • German DAX -1.5%
  • French CAC -1.2%
  • UK FTSE 100 -0.5%
  • Spain IBEX -0.5%
  • Italy MIB -1.3%
European stocks didn’t participate in the rebound led by US equities late on Friday so the losses are narrower than the 2.3% decline in the S&P 500. Plus, Europe isn’t in the middle of a trade war with China.

Nikkei 225 closes lower by 0.72% at 21,191.28

  
Analysis, Global Indices

Tokyo’s main index begins to slip below its 100-day moving average

Nikkei 13-05

A softer close for the Nikkei here as equities sentiment in Asia is very much affected by the weaker performance seen in US equity futures. E-minis are down by more than 1% to start the day and that’s leaving a bit of a softer risk mood in trading so far.

Overall, that’s helping to keep the yen underpinned with USD/JPY holding near 109.75 currently and risk/commodity currencies are also generally weaker as US-China trade talks last week didn’t make the needed progress to keep markets buoyed.
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