That was interesting! Obviously well trodden ground now but the DOW futures were around 800 points lower at the time the Asian cash markets closed. The Nikkei was down over 5% on the day and as result of market bouncing in early US trading the futures are up over 900 points (5.75%). The Yen traded […]
Today was always going to be about the election with all markets anxiously awaiting any headline. In China we saw a smaller than expected Trade number but really was nothing to write home about. Also, we heard that foreign exchange reserves fell by $45.7bln to $3.121 trillion which was one of the largest declines this […]
Markets were dominated by the overnight news that the FBI would be taking no action over the newly uncovered Hilary Clinton emails! As soon as the news broke we saw positive price action for most core indices (cash and futures) with a decent bounce in the US Dollar whilst last weeks safe-haven bids (precious metals […]
As Japan was on holidays Thursday it was today that the Nikkei cash market caught up with yesterdays futures decline. With the market still nervous surrounding the FBI’s investigations ahead of the US elections, coupled with todays release of the Non-Farms Payrolls prices were hit closing down 1.4% on the day way before numbers were […]
Strong economic data in China (PMI released at 52.4) supported an encouraging rally for the Shanghai after recent regional losses. The index ,managed a 0.85% rally just as Hong Kong’s Hang Seng large cap’s took a hit (-0.6%). The Nikkei was closed today for Culture Day national holidays. The Yen, however, was trading and continued […]
As we continue to digest news that Trump may well be leading in some polls, the nervousness surrounding markets is apparent. However, that is the case for international markets where Asia saw the Nikkei and Hang Seng lower by around 1.5%, whilst the Shanghai lost just 0.6%. We even saw a rally in gold of […]
Asian markets went from strength to strength today after a disappointing opening. The Nikkei initially saw selling pushing the index down over 100 points but turned on data and a no-change BOJ announcement. Exporters have been hit recently having seen the JPY dismiss the 105 handle and especially as we see the currency play with […]
An extremely quiet start to what has potential to be an explosive week. Asia was the first market to react to the FBI story that broke over the weekend and after the initial wobble all exchanges bounced to close moderately under Fridays closes. Data released today was not so promising with Industrial Output and Retails […]
The Nikkei continued its march despite the weakness seen in other Asian markets as currency continues to be the counterbalance. In late morning trade we did see a retracement back towards unchanged level but that was short-lived and as soon as the afternoon session resumed trading the buyers lifted it again and we closed […]
Energy prices were hit quite quickly after a significant bounce upon the EIA news and that played out overnight in Asia. Energy stocks dragged the Hang Seng lower again today with the index closing down around 0.8% on the day. In Japan BOJ governor, Kuroda, said that he would not be surprised if long term […]
