When is a stimulus not a stimulus? Talk in Japan that the eagerly awaited stimulus may not be enough (combined with some nervous profit-taking) produced a 1.4% decline in the Nikkei today. At the same time, the JPY saw the flight to quality and rallied over 1%; last seen trading mid 104. The contrast to […]
Even though we have two central banks announcing rate decision this week, in addition to Tuesday being one of the busiest corporate reporting days of the year and hearing from the G20 at the weekend, this week looks to be one of the quietest! Asia had no reaction to anything emerging from the G20 […]
We saw a bit of a wobble today in Asian cash markets after BOJ governor Kuroda dismissed the idea of helicopter money and following a weak US session resulting in 1% declines for the Nikkei, Shanghai, and a small loss (-0.2%) in the Hang Seng. Oil didn’t help sentiment having lost 2% yesterday and no sign of recovery today as we head […]
Talk that the BOJ was preparing even more stimulus to be announced at next weeks central bank meeting certainly helped the Nikkei and also sentiment for most core Asian exchanges. After yesterdays 13% fall in Nintendo shares today was reasonably quiet closing just 0.8% higher on the day. The Shanghai and Hang Seng indices were […]
Japan finally saw a down day (-0.25%) that could be allocated to the individual performance of Nintendo shares, which declined over 12% today due to the delayed launch of the “Pokemon Go” app in Japan! However, the Hang Seng did return a nearly 1% gain today with Shanghai having a small loss, which was a […]
Some say the Nikkei is close to ending its bull run after seeing some impressive gains recently. However, after the long weekend we have seen yet another 1%+ gain, but that has yet to halt dealers still trying to call the top. A better performance than its peers as Shanghai and Hang Seng returned loses […]
Despite weekend press of Turkey, BREXIT and a small early CPI miss for New Zealand (0.4% against an expected 0.5%) and with Japan on a national holiday, all of this resulted in a rather lacklustre start to the week. Shanghai saw a fairly tight trading range (<1%), closing off the days lows but still down […]
Asian markets finished small mixed but is the end of what has been an impressive week for the Nikkei. Japan closing the day +0.7% and on the week closes +9%. From China we saw a host of economic data from marginal better growth (+6.7% against an expected +6.6%) and Retail Sales (for June) up 10.6% on […]
Asia resumed its charge with a strong open in the Nikkei and never really looked back from there. Throughout the day the Nikkei made steady progress finally closing +1%. Hang Seng was also strong closing over 1% higher on the day. Shanghai was the lag index for the core closing down 0.2% but was off […]
Asia gapped open higher on continued strong sentiment brought forward from Abe’s election landslide victory weekend. The Nikkei saw a 1.4% rally at the open but was subject to profit taking as the day wore on. The JPY rejected the 105 handle and is seen in late US trading back towards the 104.30 level having […]
