The main talking point affecting markets in Asia and indeed the rest of the world from the early hours trading was the US military action from the Mediterranean Sea. Safe haven assets were bid with bonds, gold and oil seeing good buying while the nerves found money being taken off the table in equity markets. […]
Japan was the major mover in Asian trade that followed the sentiment set by the afternoons reversal in US stocks. The Nikkei fell around 1.4%. The yen traded back to previous highs as again it was pushing against the 110 resistance level. Shanghai continued its run after the long weekend, eventually closing +0.35 higher again. […]
After two days of national holidays, the main Shanghai index opened with strong buying demand with many anticipating positive comments when President Xi Jinping meets President Trump in Florida on Thursday. The Hang Seng also closed positive (+0.6%) but nowhere near the +1.5% seen for Shanghai. In Japan, the Nikkei recorded a higher close but […]
Core Asian markets seemed to be dragged lower by the weight of the Nikkei today as Yen buying returned. Always difficult to gauge sentiment when half the core markets are closed (Shanghai, Hang Seng, India). so many focused on the RBA rhetoric and watched currencies more than equity indices. The yen again attempted to breach […]
The first topic on dealers lips this morning was President Trumps comment that America is willing to tackle North Korea alone unless China were to apply necessary pressure to address the matter. Asian markets opened on an uneasy footing with early gains seen for treasuries and gold. As the day wore on, both lost their bid […]
China’s PMI released a tad better than previous months, but the Shanghai index was the only green amongst the core Asian indices today. Although the Hang Seng lost ground today on the quarter, they have seen around a 9% return at the close. Many question if the market can repeat this type of performance and […]
It was all reverse today with the DXY trading above par, the JPY back into mid 111’s, and stocks all negative after the BREXIT concerns were claimed. Asian investors, like many Western investors, continue to look for safe-havens as the geopolitical landscape looks increasingly uncertain. Stocks lost ground today with all core down around -0.75%, […]
A solid close in the US session helped Asia open on a firm footing, but were reluctant ahead of the Brexit trigger to take the markets too far in either direction. So, given most were expecting Europe to set the trend and theme, let’s just jump ahead, especially given Asia closed small mixed. The morning […]
An impressive performance on Monday for US core indices as they recovered into the close that lead to a bounce for Asia and the return of Yen weakness. With healthy gains being made from Financials and Basic Resources the Nikkei made an impressive 1.1% clawing back much of Mondays losses. With the rally so came […]
The result of the pulled Healthcare vote late on Friday trading was a weak Asian open, with many concerned this may be the beginning of US Dollar weakness. The market saw this as a defeat for President Trump and begins to question the extent to which he will have liberty and support to pursue his […]
