Although the Asian cash markets were reasonably strong today we did see a slight wobble in the Shanghai index. Japan cash closed +0.35% and Hang Seng even better at +0.85% but China’s main index closed down -0.8% all in relatively low volume day. However, this was ahead Trump’s first major press conference. Most of the […]
After the holiday in Japan yesterday the JPY resumed its strong recovery and with it saw a decline in the Nikkei. The yen traded close to the 115 handle whilst the Nikkei lost 0.8% on the day. Concerns are still that the DOW continues to reject the 20k level and is having a psychological effect […]
The demand for safe-haven JPY returned with a vengeance today even though Japan was on a national holiday (Coming of Age Day) but in the futures markets the Nikkei lost almost 1.3%. The Yen traded stronger all day and in late US trading was seen slightly under the 116 level. Both the Shanghai and Hang […]
Most markets were waiting for the US employment report in order to set the theme for the rest of the month. Auto shares were the poor performer on the Nikkei today after Trump’s remarks over tax levies on auto-makers but also because the rally in the JPY. The Nikkei closed off -0.3% led predictably by […]
After a 2% jump in the Nikkei yesterday we was no surprise to see a little profit-taking today. The JPY was a major talking point today with a very healthy bounce back to the mid 115 level, a 1.5% price move in the day. The Hang Seng was the star core performer within Asia closing […]
Japan was certainly the star performer today after we saw the PMI (Purchasing Managers Index) print far higher than expectations. The forecasted number was 51.9% but the release came in at 52.4 a sign that the economy is making significant sentiment in the right direction. This also comes on the heels of this similar number […]
Asia has started the new year in positive mood especially after some better than expected China data. The Chinese PMI rose to 51.9 from an expected 50.7 forecast helping the core markets register a 1%+ increase today. This comes on the heels of a change in the calculating factors for the Yuan. As we reported […]
Although the cash markets for Japan, Shanghai, Hong Kong and Australia were closed some of the exchange traded futures market did open. All were better bid, closing in positive territory but as you would imagine, volumes were extremely thin and even the Indian Sensex closed unchanged. It was the European markets that tended to drive […]
In true year end fashion the markets declared yet another one behind us and the game plays on. The Nikkei happily clears the 19k level, the JPY returns weaker after a brief bout of book-squaring, the Hang Seng remains heavy after the autumn highs, Shanghai struggled to hold the November close whilst the Yuan off-shore […]
With the exception of Japan most Asian markets were subdued in typical holiday style. It was the downgrade of Toshiba by both Moody’s and S+P that resulted in a 17% decline in its share price today and was blamed for the 1.2% decline in the Nikkei. In late US trading the Nikkei futures have fallen […]
