Pakistan – it better rally or it is night-night sooty
Archives of “Global Indices” category
rssEuropean shares close mostly higher
he week was not great though
The major European indices ended on Friday mostly with gains. The exception was the Britain’s FTSE which was marginally lower.
The low to high ranges and closing level chart below does show, however, that the indices closed near the day low levels. The US indices are also trading closer to the days lows (and doing worse on the day).
For the week, the numbers were not impressive:
- German Dax, -2.84%%
- France’s CAC -3.99%
- Britains FTSE, -2.01%
- Spain’s Ibex, -3.10%
- Italy’s FTSE MIB -4.08%
For the US markets with the afternoon trading left to be traded:
- S&P index, -3.64%
- Nasdaq, -4.51%
- Dow, -3.54%
PS Uber opened at $42 and the price is trading with a $42 floor and mostly below $43 so far (with some spikes above). I don’t think the price has reached the IPO price of $45.
Nikkei 225 closes lower by 0.27% at 21,344.92
Tokyo’s main index fends off test of the 100-day moving average
The Nikkei closes lower but bounced off its lows in the last hour of trading as Chinese stocks also recouped losses seen immediately after the lunch break earlier. At one stage, the Nikkei was down by nearly 1% as US increased tariffs on $200 billion worth of Chinese goods and as China vowed to retaliate.
However, the rebound suggests that market participants are still holding out on hopes for some form of compromise to be struck. US equity futures are still down by 0.3% while Treasury yields are flat on the day, hinting at caution still among investors.
As a result, USD/JPY sits flat now at 109.74 after having tested a low of 109.62 in the past hour. Look out for more cautious tones in European trading later as we await the second day of trade talks in Washington.
European shares end with sharp declines on trade concerns
US stocks sharply lower as well after first 3 hours of trading
The major European indices are ending the session was sharp declines as trade concerns weigh on global growth worries. The provisional closes are showing:
- German DAX, -1.7%
- France’s CAC, -2.0%
- Britain’s FTSE, -1.0%
- Spain’s Ibex, -1.5%
- Italy’s FTSE MIB, -1.8%
In the benchmark 10 year yields, yields are mostly higher on risk off concerns. The German 10 year is down marginally and the UK 10 year is also lower by -1.5 bps:
In the US, the major indices are sharply lower but off the session lows:
- S&P index 2843.88, -35.6 points or -1.24%. The low reached 2836.40
- NASDAQ index 7829, -114.71 points or -1.45%. The low reached 7796.16
- Dow industrial average 25559.78, -407 points or -1.58%. The low reached 25517.39
European shares end the session modestly higher
German Dax +0.4%. France’s CAC, +0.1%.
The major European stock indices are ending the session with modest gains. The provisional closes are showing:
- German DAX, +0.4%
- France’s CAC, +0.1%
- Britain’s FTSE, +0.3%
- Spain’s Ibex, +0.5%
- Italy’s FTSE MIB, +0.24%
For the week, the results were mixed:
- German DAX, +1.0%
- France’s CAC, -0.3%
- Britain’s FTSE, -0.8%
- Spain’s Ibex
- Italy’s FTSE MIB, +0.2%
European stocks are ending the session lower
German DAX, unchanged. Other indices not so lucky
The major European stock indices are ending the session lower. The German DAX is the best performer and -0.06% (call it unchanged). The other indices are not so lucky.
The snapshot of provisional closes are showing:
- German DAX, -0.06%
- France’s CAC, -0.85%
- UK’s FTSE after unchanged BOE interest-rate decision, -0.5%
- Spain’s Ibex, -1.0%
- Italy’s FTSE MIB, -0.71%
In the benchmark 10 year note market, yield changes are ending mixed but little changed.
European equity close: Small gains to start the week as Spain leads after election
Closing changes in European markets:
- UK FTSE 100 +0.2%
- German DAX +0.1%
- French CAC +0.1%
- Spain IBEX +0.5%
- Italy MIB +0.2%
The general trade on almost any election is to bet on the upside in stock markets. All the fears about change or no-change or whatever always clears once the dust settles.
European equity close: German leads the way in a mixed week
Closing changes for the main European bourses:
- German DAX +0.32%
- French CAC +0.16%
- Spain IBEX -0.18%
- UK FTSE 100 -0.12%
- Italy MIB +0.08%
On the week:
- German DAX +1.3%
- French CAC flat
- Spain IBEX -0.5%
- UK FTSE 100 -0.6%
- Italy MIB -1.2%
Here is a look at the DAX as the recovery continues:
European market close: Spain leads, France lags
Closing changes for the main European bourses:
- UK FTSE 100 flat
- German DAX -0.2%
- French CAC -0.3%
- Spain IBEX +0.3%
- Italy MIB flat
Not much in the way of movement. Lots of eyes on the disaster at Deutsche Bank.
Nikkei 225 closes higher by 0.48% at 22,307.58
The Nikkei bucks the trend in an otherwise sluggish session for Asian equities
Japanese stocks are seeing decent gains on the day despite a weaker close in Wall Street in trading overnight as investors are gearing towards the 10-day break after the end of this week. Other Asian equities are generally more subdued with the Shanghai Composite down by 1% and the Kospi down by 0.4% as global economic conditions remain questionable after South Korea Q1 GDP contracts, slowing to its weakest pace since the global financial crisis.
US equity futures are up slightly by 0.1% while Treasury yields are mostly flat across the curve as we begin the session. I would expect European assets to pick up from sentiment seen here rather than the mixed sentiment from Asia. That should keep USD/JPY close to and around 112.00 ahead of the US durable goods data later today.