Stock Market News (European Open) – Europe in red, though losses contained; US tax story remains a major driver of sentiment

Posted on November 10, 2017 at 10:04 am GMT

Following yesterday’s sharp reversal that saw the Japanese Nikkei 225 and Topix indices retreat from multi-decade highs, the two benchmarks extended losses today, finishing lower by 0.8% and 0.7% respectively. Hong Kong’s Hang Seng lost 0.05%, staying near its highest in almost 10 years, while the Shanghai Composite added 0.2% to record a more than one-year high close. There were reports that China will allow foreign firms to take controlling stakes in local securities as well as remove foreign ownership [..]


Stock Market News (European Open) – FTSE declines on rising sterling; Coca-Cola and Boeing to release results before US open

Posted on October 25, 2017 at 9:56 am GMT

Asian markets projected a mixed picture today with movements from major benchmarks being fairly limited. The Japanese Nikkei 225 and Topix indices finished the day lower by 0.45% and 0.3%, ending a 16- and 12-day streak of positive closes respectively (the longest on record for the Nikkei) that brought them to multi-year highs. Hong Kong’s Hang Seng gained 0.5% and the Shanghai Composite rose by 0.3%. Australia’s S&P/ASX 200 Index added 0.1%. In Europe, the pan-European Stoxx 600 was down [..]


Stock Market News (European Open) – European markets mixed; Japanese equities extend gains; McDonald’s reports before US open

Posted on October 24, 2017 at 9:34 am GMT

In Asia, the Nikkei 225 finished the day higher by 0.5%, extending its record winning run to 16 straight days. The Topix, a broader gauge of Japanese equities, added 0.7% to record its 12th consecutive daily advance. Both benchmarks currently stand at multi-year highs. Hong Kong’s Hang Seng shed 0.5% with the Shanghai Composite adding 0.2%. Australia’s S&P/ASX 200 rose 0.1%. Major European bourses were giving a mixed picture during morning trading with major themes affecting sentiment in the continent being [..]


Stock Market News (US Open) – European stocks head higher ahead of crucial meeting in Spain; US indices renew highs on tax optimism

Posted on October 20, 2017 at 2:05 pm GMT

At 1355 GMT, a few minutes after US stock markets opened for the trading day, most major European benchmarks were looking set to finish this week’s last trading day on a positive note. The pan-European Stoxx 600 was higher by 0.25% on the day, though it was lower by 0.3% on a weekly basis after advancing for five straight weeks. The FTSE 100 and CAC 40 were higher by 0.2% and 0.1% respectively with the DAX being flat. The Spanish [..]


Stock Market News (US Open) – European stocks edge higher; Wall Street opens little changed with Dow not far below 23,000

Posted on October 17, 2017 at 1:47 pm GMT

With the open of US markets at 1330 GMT, the Stoxx 600 was trading marginally higher. The pan-European index fluctuated within a relatively narrow range during today’s trading, having reached a fresh near four-month high of 392.42 earlier in the day. The FTSE 100 reversed morning losses to trade in the green after comments by BoE policymakers, including the central bank’s governor Mark Carney, were perceived as dovish by markets and pushed sterling lower relative to the other major currencies. [..]


Stock Market News (European Open) – European equities moderately lower; markets “fatigued” by N. Korean Story?

Posted on October 17, 2017 at 9:43 am GMT

In Japan, the Nikkei 225 and the broader Topix advanced by 0.4% and 0.2% respectively, hitting fresh multi-year high closes, though gains were more limited relative to previous trading days. Hong Kong’s Hang Seng finished marginally higher and the Shanghai Composite edged down by 0.15%. The South Korean Kospi added 0.2%, with Australia’s S&P/ASX 200 advancing by 0.7% as the minutes of the RBA’s October meeting showed no urgency on behalf of the bank to raise rates soon. North Korea’s [..]


Stock Market News (US Open) – Stoxx 600 reverses gains to trade flat; S&P 500 posts fresh record high

Posted on October 16, 2017 at 1:59 pm GMT

At 1330 GMT and as US traders were beginning their trading day, the Stoxx 600 was roughly flat relative to where it closed on Friday, having reversed earlier gains that saw it record a four-month high of 392.42. Basic materials was the pan-European index’s best performing industry sector on a day when copper prices rallied, boosting mining firms. The FTSE 100 was 0.1% higher, while the DAX and CAC 40 traded up by 0.2% and 0.25% on the day respectively. [..]


Stock Market News (US Open) – Spanish equities outperform as tensions ease in Catalonia; main US indices open little changed

Posted on October 11, 2017 at 1:41 pm GMT

Most major European benchmarks were trading in the red as the US was opening for trading. At 1330 GMT, the Stoxx 600, which gives a broad picture of European equites, was 0.1% down while the blue-chip Euro Stoxx 50 traded higher by 0.05%. Catalan President Carles Puigdemont called for a dialogue between the Spanish government and Catalonia in relation to the latter’s bid for independence, adding that “at this moment a de-escalation of tensions is necessary”. In a way he [..]


Stock Market News (European Open) – Stoxx 600 close to flat; FTSE on the rise on weakening pound; Volkswagen falls

Posted on September 29, 2017 at 10:09 am GMT

The Nikkei 225 finished the day marginally lower with Japan’s broader index, the Topix, declining by 0.1%. Hong Kong’s Hang Seng and the Shanghai Composite added 0.5% and 0.3% respectively, with Australia’s S&P/ASX 200 adding 0.2%. Major markets in Asia will be closed for holidays next week – this includes mainland China which will be holding National Day celebrations throughout the week. Equity traders have been paying close attention to the Trump administration’s tax plan in recent days, with questions remaining [..]


Stock Market News (European Open) – Equity rally takes a breather; miners remain under pressure

Posted on September 14, 2017 at 9:55 am GMT

The rally in stocks earlier in the week, effectively on Monday and Tuesday, was not sustained mid-week. The Nikkei 225 and the broader Japanese index, the Topix, both contracted by 0.3% after rising in the three preceding days. Hong Kong’s Hang Seng built on yesterday’s decline to finish the day lower by 0.4%. The Shanghai Composite was down by a similar proportion and Australia’s S&P/ASX 200 edged lower by 0.1%. Further dampening risk sentiment today were Chinese data on fixed [..]

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