Archives of “Global Indices” category

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European shares end the session mostly lower. German Dax bucks the trend

  
Analysis, Global Indices

German Dax up 0.5%, France’s CAC -0.27%.  UK FTSE, -0.7%

The European shares are ending the session with mixed results.  Provisional closes are showing:
  • German DAX, +0.5%
  • France’s CAC, -0.27%
  • UK’s FTSE, -0.7%
  • Spain’s Ibex, -0.5%
  • Italy’s FTSE MIB, -0.79%
  • Portugal PSI 20, -0.31%

in the benchmark 10 year note sector fields were sharply lower with the German DAX down -5.5 basis points and closing back below the 0.0% level.

German Dax up 0.5%, France's CAC -0.27%.  UK FTSE, -0.7%

Nikkei 225 closes lower by 0.27% at 22,200.00

  
Analysis, Global Indices

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

Nikkei 24-04

Asian stocks are not really following their US counterparts as equities are struggling in trading today. I reckon a stronger dollar overnight and concerns about the PBOC refraining from monetary easing is helping to play a role here.

That said, US equity futures are also down by 0.2% for the time being. However, as we navigate through trading this week, it’ll all boil down to key earnings releases. Today, we’ll have Facebook and Microsoft so those reports will be the bellwether for how risk will perform in North American trading later.

An Update :Dollar Index ,Euro ,Yen ,INR ,AUD ,GBP ,WTI -BRENT Crude ,SPX500 ,Nasdaq Composite ,Shanghai Composite -Anirudh Sethi

  
Analysis, Crude, Forex, Global Indices, US Market
The US dollar rose against all the major currencies but the Japanese yen.  Its net loss against the yen, less than 0.1% was a fluke.  The dollar was confined to a 40 tick range against the yen for the entire week.  It appears to be the among the narrowest weekly ranges since at least 2000.  The dollar is at the upper end of its recent ranges against the euro, yen, sterling, and Canadian dollar.  The question for many participants is whether the dollar is on the verge of a breakout.  Our reading of the technical condition suggests that while the ranges may fray, they will likely hold.  
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European share end with mixed results on the day

  
Analysis, Global Indices

Yields are lower today

The European shares are ending the day higher on the day despite weaker Flash PMI data
  • German Dax, rose 0.5%
  • France’s CAC rose 0.25%
  • UKs FTSE fell -0.1%
  • Spain’s Ibex rose 0.6%
  • Italy’s FTSE MIB fell -0.2%
Benchmark 10 year note yields fell today:
  • Germany 0.024%, down -5.6 bps
  • France, 0.37%, down -5.5 bps
  • UK, 1.194%, -4.2 bps
  • Spain 1.067%, -3.9 bps
  • Italy 2.601%, -1.2 bps
In other markets as London/European traders look to exit:
  • Spot gold is little changed at $1274.21
  • WTI crude oil is  down -$0.11 at $63.65
US stocks are mixed. The Nasdaq has been mostly lower today but is recovering. The Dow stocks have been leading:
  • S&P, up 1.30 points or 0.05% at 2901.60
  • Nasdaq down -14 points at 7981.90
  • Dow +90 points at 26539.
The forex market has the JPY as the strongest and the NZD as the weakest. That was the leaders at the start of the day as well. The USD is also stronger.

Nikkei 225 closes lower by 0.84% at 22,090.12

  
Analysis, Global Indices

Japanese stocks slump as optimism remains fleeting among equities

Nikkei 17-04
Asian equities are soggy following declines seen in US stocks overnight. The Nikkei is also joined by the Hang Seng and Shanghai Composite as both are also down on the day, falling by 0.6% and 0.2% respectively.
In general, risk sentiment remains rather tepid with Treasury yields also looking heavy to start the day. That is leaving USD/JPY to be a little lower at 111.85 as we begin the European morning session.

Nikkei 225 closes higher by 0.25% at 22,277.97

  
Analysis, Global Indices

Tokyo’s main index pushes higher on firmer session for Asian equities

Nikkei 17-04
Risk is slightly more optimistic to begin the new day and that’s very much reflected in the way Asian stocks have performed so far. Chinese data earlier allowed markets to breathe a sigh of relief and that’s what we’re seeing across risk assets ahead of European trading.
The Shanghai Composite is up by 0.4% currently, while US 10-year yields are up by 1 bps to 2.60%. USD/JPY stays flat at 111.99 currently as price continues to do battle around the 112.00 handle for the third day running this week.

European shares close higher on the day led by the German Dax.

  
Analysis, Global Indices

German Dax up 0.7%

The major European stock markets are now closed and the direction is higher on the day, led by the German Dax. The provisional closes are showing:
  • German DAX, +0.7%
  • France’s CAC, +0.4%
  • UK’s FTSE, +0.5%
  • Spain’s Ibex, +0.1%
  • Italy’s FTSE MIB, +0.12%
The benchmark 10 year yields are ending marginally higher:
  • Germany 0.063%, +0.7 basis points
  • France 0.420%, unchanged
  • UK 1.22%, unchanged
  • Spain 1.085%, unchanged
  • Italy 2.593%, +1.5 basis points
In other markets as European traders look for the exits:
  • spot gold is down $12.85 or 1% at $1275
  • WTI crude oil futures are up $.15 or 0.24% at $63.56
In the US, major stock indices are higher but trading near lows for the day
  • S&P index of 2.3 points or 0.08% at 2908
  • NASDAQ index of 21.6 points or 0.27% at 7997.93
  • Dow industrial average is up 51.87 points or 0.20% at 26435.59
US yields are moving higher today and trading more toward the highs for the day:
  • 2 year 2.404%, +1.2 basis points
  • 5 year 2.399%, +2.7 basis points
  • 10 year 2.585%, +3.1 basis points
  • 30 year 2.9903%, +2.2 basis points

Nikkei 225 closes higher by 0.24% at 22,221.66

  
Analysis, Global Indices

Tokyo’s main index stays buoyed above its 200-day moving average

Nikkei 16-04
Asian stocks are mostly firmer on the day as risk sentiment in Asia is seen a bit more optimistic. Of note, Chinese stocks are rallying with the Shanghai Composite index up by 1.5% currently. US equity futures are also trading up by around 0.2% so that will help feed into more positive tones as we begin the European morning.
However, bond yields are showing less enthusiasm as they continue to stay near flat levels on the day and that’s not really helping to give currency traders much to work with. USD/JPY continues to sit just under the 112.00 handle and is likely to sit narrowly in a tight range as we look towards more earnings results to come in US trading later.

European shares end with modest gains

  
Analysis, Global Indices

UK FTSE flat

The major European indices are ending with modest gains on the day.
  • German DAX, +0.2%
  • France’s CAC, +0.1%
  • UK’s FTSE, unchanged
  • Spain’s Ibex, -0.2%
  • Italy’s FTSE MIB, +0.16%
In the benchmark 10 year note sector yields are ending higher
  • Germany 0.056%, unchanged
  • France 0.421%, +2.2 basis points
  • UK 1.221%, +1.0 basis points
  • Spain 1.082%, +3.3 basis points
  • Italy 2.580%, +3.9 basis points
In the Forex market, the GBP is the strongest while the CAD is the weakest on the back of a weaker first-quarter business outlook survey.
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