A mixed session in Asia with most players watching the oil price decline which tended to unnerve many markets. The Shanghai index climbed from early negative prices to manage a 1%+ close for the day. The talk remains centered on trade and the negotiations both are expected to have at the G20 later this month. […]
Even as Chinas trade expanded, it really has done nothing for stock market confidence or sentiment, especially after the poor auto sales numbers. We saw more selling pressure today as the Shanghai core index closed 1.4% lower, with the Hang Seng under even more pressure resulting in a 2.4% decline. Money is still leaving the […]
Much of the Asian trading day was over when results began to appear from the US midterm elections and so markets lacked momentum. Early gains were reverted in what we now know were misinterpreted Asian market responses. The USD was sold throughout much of the day, but interesting that the Japanese Yen retained a 113 […]
Asia closed mixed but did see some corrections from Monday’s almost extreme moves. In Japan the Nikkei opened around 1% better and gradually managed to build upon those gains. Although closing up 1.15% led by pharmaceuticals, industrials and commodity companies we should still see things from the point of view in that, they many are […]
Asian markets were a little concerned of the afternoon sell-off the US markets experienced Friday and so were a little hesitant to find their own feet to open the week. Obviously, the media has worked everybody up into a frenzy ahead of Tuesdays US Midterm elections. In China President Xi Jin ping opened the China […]
If we had all gone home just after the US employment numbers, we would have all had a wonderful weekend and no-one would be any the wiser! However, as we know with markets, nothing is ever as it seems. Lets just skip to the finally half of the day just after the numbers from the […]
The start of a new month and a solid session across the globe. the Nikkei failed to join the party with a 1% decline today, but then the Yen has bounced a touch (0.3%) to balance some of that move. Interesting this is they claim tech took the markets lower in Japan whilst in the […]
A much welcomed rally the past couple of days to end the traditionally torrid month of October. A finally push today moved indices further away from their recent lows, but remain well down for this month. Optimism remains absent with Novembers planned US/China talks on trade still questionable as being included as part of the […]
A similar trading pattern was seen in both the Shanghai and the Nikkei overnight opening at the days lows and positive correction for the balance of the day. The headline that regulators would encourage share buy-backs and promote M+A activity helped restore some much needed confidence to the market. Core China rallied just over 1% […]
Much of the early Asian talk surrounded fears we would see a continuation of last weeks weakness, but from external rather than internally led . Despite the fact that Chinese indices are off 25% YTD, the weakness seen in Europe and the US is still impacting an already weak Chinese market. The late news of […]
