Core Asia opened on a positive note following constructive observations from the FED minutes, the addition of apparent OPEC commitments and the lack of market reaction following Moody’s downgrade of China sovereign. Ahead of the long weekend scheduled in the US, the enthusiasm to invest appears positive even as we chase market sentiment. Have we […]
Core Asian markets closed mostly lower after early gains were reversed. Volumes were thin in todays session as G7, OPEC and discussions around the Federal Reserves next move on rates. Oil drifted lower in Asia as President Trump completed his trip and was about to fly to meet the Pope. Thursday OPEC meeting is expecting cuts […]
A mixed session in Asia with no clear direction provided in any of the core markets. Saddening news coming from Manchester, England of the appalling bombing incident at a children’s music concert shocked both markets and people across the world. Police commented that they are treating it as a terrorist incident. The Nikkei, ASX, Shanghai […]
The solid close to US trading on Friday fortunately had more influence than the concerns surrounding the weekend missile test completed by North Korea. The safety bid appeared to be lost in early trade as we watched the JPY lose ground first thing trading 111.60. Despite the marginal performance of the yen the Nikkei joined […]
Asian cash markets had their second chance today to react to the political shenanigans happening in the states. All cash markets were again marked lower with the Nikkei closing -1.3% and was also hindered by the yens strength; as we saw 110.35 trading in the early session. Considering it was trading with a 113 handle […]
While money managers and investor around the world discuss, if this is a game changer or not, one thing is for sure – its a reason to spike volatility! The VIX has gapped 20% (12.70) in early trade as the DOW declined over 250 points and by the close was up 39% at 14.75 (did touch 15% but was […]
Asian markets performed on the back of a strong US session which in turn was helped by the oil price rally. Having heard that Russia and Saudi had planned production cuts that could run into Q1 2018 we saw renewed confidence as investors moved away from the USD and into Euro, GBP and JPY. The […]
It was only Japan that halted the chances of a positive clean sweep in Asia today for core markets, after the Nikkei closed -0.07%. The index, however, did manage to recover from opening losses after it feared markets may suffer following the weekends global cyber-attack and the additional missile test. A similar picture was seen […]
An uneasy session in the US Thursday, following poor mainline stores data which led a mixed day for Asian markets. We saw losses for the Nikkei, ASX and SENSEX and gains for the Hang Seng, NZ and Shanghai. Volumes were light all around but that does not seem to be much of an anomaly these […]
A positive day across the board for Asian equity indices with KOSPI setting the pace (+1.16%) creating new records as it goes and with the ASX just managing a small +0.5% profit. The Nikkei continued its run (+0.3%) but remains under the psychological 20k mark, even as the Yen traded with a 114 handle. The […]
