The euphoria seen in the states followed on into Asia with the Nikkei returning almost 1% in today’s trading. The mood did not want to change from Wednesday, leading traders to think that many have finally thrown in the towel and are accepting that we are moving higher. The strange thing is the odds move […]
It was the speech that most claimed lacked substance that just did exactly what most thought it couldn’t – rally global stock markets. Yes, Japan’s Biz Cap-Ex released at 3.8% compared to the previous 1.3%; that woke markets, then Manufacturing PMI released a smidgen worse but when the JPY started to fall, everyone blamed Trump. […]
Much of the talk surrounded the 12 days of fresh highs for the US markets, but even so Asia closed mixed with focus well and truly on President Trump’s speech. The congress address will not take place until late in the US evening which will be just ahead of the Asian opening. The safe-haven […]
A few stories over the weekend from a potential vote for Scotland to a Le Pen victory could create a “worse than Lehman” moment. Asian equity mood and markets reacted to nervous weekend press as they watched the GBP lose 0.5% (before a mid-day bounce) and watched most core indices lose close to -1%. The […]
Another lacklustre session for Asian equity markets as we approach both the end of week closely followed by the end of the month. The Nikkei and Hang Seng both lost around 0.6% on the day with a small gain registered for Shanghai, but the big talking point remains the bond market and specifically the west. […]
A little rest and relaxation is a good thing and that is what Asian equity markets gave us today. Having seen the US markets set even more new highs rather than retrace the nerves were truly set after the comments alluding to the March rate rise. All core indices drifted with Nikkei, Shanghai, and Hang […]
Having seen the US markets set new record highs, most Asian indices followed the momentum. Many dealers said the euphoria can take us only so far, then we look for substance and they were hoping for that from tonight’s FED minutes release. The Nikkei retraced much of Wednesday strength but interestingly enough remained within the […]
One of the quietest days in a while with even the JPY trading in a fairly tight trading range, less than one Yen (113.00 – 113.80). Early talk surrounded Fed’s Member (Patrick Harker) who commented late in the day that March is still in play for potential move. US Dollar bulls needed no encouragement and […]
A fairly quiet start to the week for most of Asia with the Nikkei closing with virtually no movement. The Nikkei was weak just after the opening down just over -0.5% but as the JPY lost ground, the index recovered. Initial price action was poor given the Trade data release (-1.3% given forecasts were 4.7%) […]
The week ended with Asia happy to see consolidation as the name of the game. All core indices closed weaker in Friday’s trading, but it was interesting to see that the Nikkei has lost ground whilst both Shanghai and Hang Seng continue to make ground on the week. The JPY is back flirting with the mid […]
