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 […]
It was a mixed story in Asia today with the Nikkei still cooling after its recent performance, but given Toshiba’s performance, -3.5% again today – having missed its publishing deadline, certainly did not help confidence. The Nikkei ended the session down almost 0.5%, but we do have the Tankan to be released later this evening; […]
Following from the constructive message the market was hearing from the FED, the Nikkei regained the 1.05% it lost yesterday. This proved to be an impressive performance when considering Toshiba shares dropped 9% amid a potential book write-down of $6.3bn to its US nuclear unit. Hang Seng built on yesterday’s gain adding another +1.2% reaching […]
A little profit-taking in the Nikkei today ahead of the FED semi-annual address was to be expected but todays price fall was probably more than most expected. The Nikkei declined 1.15% in todays trading with more concerns over the alluded slowed down after Finance Minister (and deputy Prime Minister) Taro Aso remarked it may take […]
Another strong opening session for the week in Asia with equity markets improving from where they left-off on Friday. The news over the weekend that North Korea had tested weapons failed to scare markets as much as it did the media. Japan’s GDP was a touch under expectation but the Nikkei was pulled along with […]
Asia benefited from new record highs in the US and really set the pace for the end of the week. The Nikkei was certainly the star performer adding 2.5% on the day taking the index to 19,400 with many talking the psychological 20k is next weeks target number. The JPY suffered against the USD falling […]
