The initial headline that US and China plan to reconvene talks next week, was all it took to start the stock market bounce. However, added to this was that China lowered the RRR (Reserve Ratio Requirement) by 50bp initially then another 50bp later and that helped Europe to perform. Japan’s Nikkei (-2.25%) hit by commodity […]
The USD was the figure of attention overnight for Asia as it surged against the Turkish Lira, Euro, Sterling and the A$, but saw short-covering stops taken on the Yen. The warning heard from Apple over its Asian sales forecast and growing concerns for global growth triggered the sudden safe-haven flurry into the Yen. Obviously, […]
In early 2019 trading, it looked as though we were set to resume the ‘sell at any price’ trend. However, US markets managed to turn that around, but lets discuss that further down this report. Volumes were light in Asia, which is often the case when a major indices has a national holiday (Japan). Scarily, […]
Although dealing desk will still be on skeleton staff until January 2nd, all will be receiving calls and checking levels today after the scare following the Christmas Eve scare. Markets globally, drop from 2% – 4% Monday, but with volumes extremely thin. From Asia to the US, fears were spreading as talks of regulators being […]
Another weak close for US markets and again, that sentiment just rolled into Asia and the mood was set for the day. Japan took the brunt as stocks lost another 1% as financials led much of the way following a disappointing BOJ’s unchanged stance. This inspired a revival of the Yen safety bid and took […]
The Federal Reserve raising the 25bp was pretty much expected throughout, with a few possible outlier exceptions. However, it was not really the hike that spooked markets, but that they had built-in so much belief that the no change in hiking rhetoric they was expecting. This is probably why markets are reacting so violently, as […]
Another volatile session for US markets, but then we should expect it now that there are fewer and fewer houses running positions. The break of the psychological $50 price level in WTI oil yesterday, was one of the key reasons given for today Asian weakness. Shanghai closed the session down a little over 1% and […]
The afternoon sell-odd seen in the states, has had further negative influence on Asian markets at a time when nerves are present everywhere. Markets look tp be taking their lead from US markets anyway and if anyone was in doubt, the recent reactions have justified the fear. Most of the core finished lower even though […]
Both the Hang Seng and the Shanghai indices recovered from last weeks poor data and the DOW’s late Fridays decline. Volumes continue thin and that appears to be spreading to many markets. It is not uncommon to see markets drier ahead of the holiday season, but this year it seems to gets more attention probably […]
Today was all about the weak economic data released in china and the fear that this slowdown is spreading. The concern that the weak contagion affects not just the region, but commodity prices, producers and sentiment everywhere. Core stock markets are been underperforming all year and anyone who has been following performance can testify to […]
