Archives of “Global Indices” category

rss

Nikkei 225 closes lower by 0.21% at 21,761.65

  
Analysis, Global Indices

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

Nikkei 08-04

The index gets rejected by the 200-day moving average (blue line) as stocks retreated following gains seen earlier in the Asian morning. Risk sentiment is looking a bit jittery as markets hit the reset button after a more solid performance in Wall Street last Friday.

The softer risk tones is helping to keep the yen on the front foot as we begin the European morning. USD/JPY holds near the lows for the day still at 111.42 currently.

European equity close: Stocks cap a great week with gains

  
Analysis, Global Indices

April is a great month for stocks and it’s had a great start

Closing changes for the main bourses:
  • UK FTSE 100 +0.8%
  • German DAX +0.2%
  • French CAC +0.4%
  • Spain IBEX -0.15%
  • Italy MIB +0.2%
On the week:
  • UK FTSE 100 +2.4%
  • German DAX +4.2%
  • French CAC +2.45%
  • Spain IBEX +3.1%
  • Italy MIB +2.3%

Imagine if Europe had a half-decent economy and the UK didn’t have Brexit?

The German DAX is up 6.5% since March 28 and has risen above the 200-day moving average:
April is a great month for stocks and it's had a great start

Nikkei 225 closes higher by 0.38% at 21,807.50

  
Analysis, Global Indices

Tokyo’s main index inches up towards its 200-day moving average

NKY 05-04
Asian equities were slightly more positive in trading today but all eyes are on the US jobs report release later today to decide how risk assets will ultimately perform to wrap up the week.
Japanese and Chinese stocks are looking more upbeat but the Hang Seng index is actually trading lower by 0.2% whereas the Shanghai Composite is up by 0.9% currently.
In any case, risk sentiment remains somewhat flat and muted as US equity futures are trading just 0.1% higher and I would expect European equities to reflect a similar sentiment later on in the day. That should offer little direction for yen pairs and as such, USD/JPY remains near unchanged levels at 111.68 currently.

Nikkei 225 closes higher by 0.05% at 21,724.95

  
Analysis, Global Indices

Tokyo’s main index closes near flat levels in mixed session

Tokyo's main index closes near flat levels in mixed session

Asian equities are generally mixed as risk sentiment appears to be indecisive on the new day. Wall Street ended overnight trading with gains but not as great as they should have been and that is leading to a less optimistic mood to start the new day.

Treasury yields are slightly lower across the curve while US equity futures are trading flat at the moment. Meanwhile, the Hang Seng index is down by 0.5% but the Shanghai Composite is up by 0.6% on the day.
That just basically underscores the prevailing mixed tone in markets and that is leading to a bit of a quiet start for currencies as well in the European morning.

European shares end with solid gains. German Dax leads the way

  
Analysis, Global Indices

German Dax up 1.73%

The major European shares are ending the day with sharp gains, led by the German Dax. Helping the sentiment is better European nonmanufacturing data, hopes for a Brexit compromise and progress on US/China. Is the bottom in?  That is a big “if” but investors are jumping in.
The provisional closes are showing:
  • German DAX, +1.73%. It is also running from the 200 day MA
  • France’s CAC,+0.81%
  • UK’s FTSE, +0.34%
  • Spain’s Ibex, +1.28%
  • Italy’s FTSE MIB, +1.08%
  • Portugal’s PSI 20, +0.97%
In the benchmark 10 Year Note sector, yields a higher and the German tenure has moved back above the 0.0% level (just barely, but it is above).
German Dax up 1.73%

Eurostoxx futures +0.7% in early European trading

  
Analysis, Global Indices

The positive vibes spill over to Europe in early trades

  • German DAX futures +0.8%
  • French CAC 40 futures +0.7%
  • UK FTSE futures +0.1%
Only UK stocks are seeing gains tempered with a little as the pound gains some ground overnight following Theresa May’s offer to compromise with the Labour party in order to achieve a Brexit resolution.
Other than that, overall risk sentiment remains more buoyant and that should keep the aussie and kiwi underpinned against the likes of the dollar and yen as we begin the session

Nikkei 225 closes higher by 0.97% at 21,713.21

  
Analysis, Global Indices

Tokyo’s main index gains as risk-on mood sweeps across markets

Nikkei 03-04

Equities are trading in an upbeat manner as trade optimism and data beats from China earlier today are helping to contribute to the improvement in risk sentiment today. US equity futures are also up by about 0.4% and bond yields are generally higher as well.

The mood as we begin the European morning sees the yen on the back foot as a result with the likes of the aussie and kiwi leading gains in the major currencies space.

European shares end the session with decent gains

  
Analysis, Global Indices

UK FTSE likes the lower GBPUSD (ignore Brexit mess)

The European shares are ending session with decent gains, led by the UK FTSE which is higehr by 1.07%. Traders like the lower GBP I guess.
The provisional closes are showing:
  • German DAX, +0.66%
  • France’s CAC, +0.34%
  • UK’s FTSE, +1.07%
  • Spain’s Ibex, +0.44%
  • Italy’s FTSE MIB, unchanged
  • Portugal’s PSI 20, up 0.55%

The benchmark 10 year yields are ending mostly lower (the exception is the Italian 10 year).  The German 10 year remains below the 0.0% rate. The high yield reached -0.025% in trading today.

The benchmark 10 year yields are mostly lower in trading today

Nikkei 225 closes lower by 0.02% at 21,505.31

  
Analysis, Global Indices

Tokyo’s main index surrenders earlier gains in tepid session for Asian equities

NKY 02-04

Equities sentiment in Asia dwindled in the last hour as stock gave up early gains with major indices now near flat levels on the day. Despite more optimistic risk tones to start the day after yesterday’s solid performance in Wall St, risk sentiment is more mixed as bond yields are holding lower to begin the day alongside US equity futures.

This should keep risk assets guessing as we begin the European morning. USD/JPY holds near flat levels in a narrow range at 111.34 currently.

Nikkei 225 closes higher by 1.43% at 21,509.03

  
Analysis, Global Indices

Tokyo’s main index closes higher as Asian stocks rally on risk-on mood

NKY 01-04

Markets are generally in a more positive mood to begin the day and it’s very much risk-on sentiment across the board after China PMI figures showed hints of a rebound from over the weekend. Although, Japanese stocks mostly gave up earlier gains towards the end of the session but still managed to post a decent rally on the day.
European equities open should show similar sentiment and the mood here is what is helping to keep the aussie and kiwi buoyed while weighing on the yen as we begin the European morning.
Go to top