Generally a very quiet day in the markets, no real game changing events shocked the major markets today. German industrial production was announced with 2.6% MOM gain as opposed to a 0.7% forecast. ECB’s Lautenschlaeger did have a speech and hinted at scaling back asset repurchasing next year with the view to scrap the program […]
The end of a holiday week for markets in Asia. We have to wait until Monday to see mainland China, South Korea and Hong Kong’s reaction to the US NFP’s release and also the reaction to the turn of the US Dollar Index. Markets that were opened were seeing futures initial response trading firmer as […]
Key Shanghai Exchange and South Korean markets remain closed and was joined today by the Hang Seng market too. most of the focus centred upon Australia and the ASX and currency. Weaker than expected Sales data hit confidence and pushed the A$ through the recent 0.78 level to fall 1% on the day. With the […]
Even in Asia the markets appear to be lacking in commitment, despite price increases day after day. The Nikkei gave-up the mornings gains, but still managed a small uptick for the close. For the third day in a row, the Yen rejects playing for long with a 113 handle, reflecting continued uncertainty. That was not the case for the Hang […]
With core China market still closed, activity in Asia remains rather subdued. The trend is still constructive, following the steady US session but volumes continue low. The Nikkei closed up over 1% as currency drifts weaker and JGB’s are a touch softer. Hong Kong played catch-up and traded strong all day, closing over 2.25% firmer […]
With Japan being one of the few markets that were open in Asia, most of the conversation was centred around Spain, TANKAN, DXY, UK’s Conservative Party conference and then the tragic events of Las Vegas. The Nikkei traded well, closing near the mornings highs with momentum provided by the strong confidence survey (TANKAN). With this […]
The Nikkei lost just a smidgeon today but still holds levels way up on the year. The YTD number is just over 6% because much of the rally was in Q4 2016, so on a 1yr basis is up almost 22%. The Yen continues comfortably mid 112’s but with more weakness expected. Elections will be […]
It was a mixed day for Asia even after we heard late news from the US on the proposed tax reforms. Having seen the Hang Seng and Shanghai markets closing better when others were weaker today we saw the opposite reaction. With declines for the HSI of -0.8% and just -0.1% for the Shanghai we […]
In Asia we saw a similar picture to yesterdays market movers with Shanghai and the Hang Seng both closing higher whilst the Nikkei, ASX, KOPSI and SENSEX all closed lower. The SENSEX lost the most ground today (-1.4%) as it continues to add to its recent losing streak, making this its seventh day in a […]
The late headline from North Korea yesterday spooked Stocks, Gold and Treasuries but had broadly lost most of that by the end of the Asian time zone. Both the KOPSI and Nikkei lost around -0.3% on the day with exporters and tech suffering in the afternoon session. US indices did manage to recover much […]
