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European Open Preview – Yen retreats as risk appetite firms; trade, EM-angst and Brexit remain in the background

Posted on September 12, 2018 at 8:03 am GMT

Here are the latest developments in global markets: FOREX: The US dollar was nearly flat against a basket of six major currencies on Wednesday (-0.03%), after posting some modest losses in the previous session. Meanwhile, the yen retreated notably on Tuesday, as risk appetite remained firm and investors rotated out of safer assets. In Canada, the loonie staged a significant comeback amid encouraging NAFTA signals from the US President and a surge in oil prices. STOCKS: US markets closed in the green on Tuesday, buoyed by [..]

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Stock Market Update – Europe gains broadly as tax bill boosts sentiment; US markets expected to open higher

Posted on December 4, 2017 at 11:41 am GMT

In Asia, the Japanese Nikkei 225 and Topix indices both finished the day lower by 0.5%. Hong Kong’s Hang Seng rose by 0.2%, while the Shanghai Composite retreated by the same proportion. Australia’s S&P/ASX 200 slid by 0.1%. It is interesting that Asian equities didn’t benefit from upbeat sentiment following the passage of the much-talked tax bill by the US Senate over the weekend, neither – in the case of Japanese stocks –from the rising dollar/yen pair. European bourses however, traded [..]

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Stock Market Update – Europe broadly up; Asian equities decline; US tax reform at center of attention

Posted on November 27, 2017 at 11:30 am GMT

Asian equities were broadly on the decline today. The Japanese Nikkei 225 and Topix indices both finished the day lower by 0.2% after erasing earlier gains. Hong Kong’s Hang Seng Index declined by 0.6% and the Shanghai Composite fell by 0.9%. Australia’s S&P/ASX 200 added 0.1%. The Thanksgiving holiday in the US during the previous week meant little developments on the tax reform front. This week though, deliberations to pass the relevant legislation are once again on the forefront and [..]

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Stock Market News (European Open) – European stocks edge slightly lower; Japanese equities reverse gains; Nvidia eyed

Posted on November 9, 2017 at 9:39 am GMT

In an unusual day for Japanese equities, the Nikkei 225 finished the day lower by 0.2% and the Topix down by 0.25%. Earlier in the day, the Nikkei and the Topix added 2.0% and 1.5% at their highest, with the former exceeding the 23,000 mark for the first time since January 1992. While it wasn’t clear what prompted the reversal, some attributed it to technical trading. It could had also come – at least in part – on the back [..]

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Stock Market News (US Open) – European bourses deeper in losses; Wall Street opens lower

Posted on October 19, 2017 at 1:55 pm GMT

As trading progressed, the pan-European Stoxx 600 deepened its losses relative to morning trading, recording a three-week low of 387.81 at its lowest. At 1330 GMT, it was down by 0.9%, not far above the aforementioned low and with all industry sectors comprising the index being in negative territory. Major European benchmarks also remained in the red with the FTSE 100, DAX and CAC 40 trading down by 0.4%, 0.7% and 0.6% respectively. The Spanish IBEX 35, which has been [..]

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Stock Market News (European Open) – Equity markets shrug off N. Korean story; DAX hits fresh record-high

Posted on October 9, 2017 at 9:42 am GMT

Out of Asia, Hong Kong’s Hang Seng lost 0.5%. The Shanghai Composite added 0.8% after being closed for holidays the previous week, and Australia’s S&P/ASX 200 gained 0.5%. Japanese and South Korean markets were shut for holidays. Concerns over tensions in the Korean peninsula might had resurfaced after comments by US President Donald Trump and reports North Korea might be preparing a long-range missile test that could have the capacity to reach the west coast of the US, however equity [..]

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Stock Market News (US Open) – Stoxx 600 remains in the green; Wall Street benchmarks yet again hurt by Apple

Posted on September 25, 2017 at 2:11 pm GMT

As trading progressed, the pan-European Stoxx 600 gave up on part of the gains made during morning European trading, though it remained in the green and not far below the two-month high it recorded earlier in the day. It was last up by a bit less than 0.2%. Spain’s IBEX 35 remained the worst performing major benchmark in the continent, being last down by 0.6%. Caixabank, which was down by 3.0% and topped the list of decliners within the Stoxx [..]

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Stock Market News (European Open) – Stoxx 600 records fresh 2-month high; Japanese equities on positive backdrop

Posted on September 25, 2017 at 9:50 am GMT

Japanese indices including the Nikkei 225 and the broader Topix started the week on a positive tone, both rising by 0.5% relative to Friday’s close – Friday being a day when they contracted by 0.25%. The two benchmarks have been supported by the weakening yen (having specifically in mind the rising dollar/yen pair) over the last couple of weeks, as export-reliant Japanese companies are seen as benefiting from a falling Japanese currency. Equities in Japan are also on a positive [..]

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Stock Market News (European Open) – European indices on the rise as financials gain on Fed

Posted on September 21, 2017 at 10:04 am GMT

In Japan, the Nikkei 225 continued rising for the fourth straight day, this time adding 0.2%, while the Topix, the country’s broader equity gauge rose by 0.05%, giving up earlier gains. Αt its highest the Topix was up by a bit more than 0.7%, reaching its best level since August 2015. Hong Kong’s Hang Seng finished the day marginally higher and the Shanghai Composite fell by 0.2%. Australia’s S&P/ASX 200 lost a significant 0.9%. The Federal Reserve and the Bank of Japan completed their meetings [..]

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Stock Market News (European Open) – European equities edge higher; Trump comments largely shrugged off

Posted on September 20, 2017 at 9:31 am GMT

In Asian markets, the Nikkei 225 added little after yesterday’s massive gain by nearly 2.0%, rising by 0.05% in today’s trading. Japan’s broader equity gauge, the Topix, was flat at yesterday’s level which constituted the highest the benchmark has reached since August 2015. Hong Kong’s Hang Seng gained 0.3% and the Shanghai Composite advanced by 0.3%. Australia’s S&P/ASX 200 lost a bit less than 0.1%. US President Donald Trump delivered a tough speech yesterday at the UN, threatening to “totally [..]

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