Been a crazy day for many markets today but stocks have not really been one of them! Oil was the crazy sector today following yesterdays 7% price decline today we saw a healthy 9% appreciation on news OPEC plans a production cut. However, that was not until late European trading so lets just recap Asia […]
It was not until late in the European session did we start to see much movement and even that was in oil. In Asia we saw yet another quiet with the JPY continuing with its strengthening theme and the Nikkei reacting accordingly. The PBOC set the Yuan at 6.8915 whilst the off-shore plays well into […]
Asia had a fairly quiet trading day but ahead of so much market moving content this week it really should not be such a surprise. Nikkei closed almost unchanged at -0.13% but that was a healthy performance given the uncertainty drove the dash back into safe havens again, notably the JPY. The Yen traded from […]
Early gains were eroded having seen an in-line CPI print but the weekend book-squaring turned sentiment to settle just under the weekly highs. The currency continues to decline with the Yen trading 113.50 for the majority of the session having rejected the 114 figure change earlier in the day. The Shanghai and Hang Seng indices […]
The Yen weakness continues to off-set the Nikkei strength with today breaching the 113 level and spending most of the day trading weaker. The Nikkei rallied closing up 0.9% with exporters leading the gains given the currency play. Volumes were light but then that should have been expected given the US holidays but we remain […]
Asian trading was pretty quiet ahead of much European and US data and consequently did not spring into action until later in the day. The Nikkei, HSI and Shanghai exchanges were moderately mixed but we did see the ASX (Australian market) produce a strong 1.3% return as Miners and Ind Metals performed well. All this […]
Early fears from the earthquake and the concerns that we would break the 18k level were soon dismissed as the morning lows created the days lows. The Nikkei traded better just ahead of the lunch break and spent the balance of the afternoon session trading from strength to strength and closing at the days highs. […]
A positive session in Asia in what is presumed to be a quiet week as US holidays shorten much intended volume. We usually see a flurry in activity post US Thanksgiving which usually is the last ditch attempts by big money to balance decisions ahead of year end. All should be complete by the […]
Japan appears to be in a world of its own this week as not one day has it followed the rest of Asia. Yesterdays meeting between Prime Minister Abe and Trump has failed to produce headlines but I would not rule that out for the weekend though! On the week the Nikkei has gained over […]
We hardly saw any excitement overnight other than the fact that the BOJ bought some 10yr JGB’s to keep yield around zero. This obviously has a detrimental affect on the currency and in late trading we see JPY trading close to 110. As a consequence of the weaker currency financial stocks traded heavy whilst the […]
