Asian markets had already had a taste of the IMF outlook, but today the Bank of Japan again trimmed its inflation forecast and that hurt the Yen. Having already suffered the weekend headlines, todays price action tended to drift in light volume even as the Yen touched the 110 handle. Eventually, the Nikkei closed with […]
The economic slowdown, voiced now by the IMF, has had an understandable impact on the Asian markets today. Probably the result of the weekend Chinese data, but at any length we now have a nervous market that is back looking for the bid! The Japanese Index is retreating from a one months high with dealers […]
Much had been talked about last week about the slowdown in China and on Sundays release we finally saw the latest. China GDP released at 6.4% but industrial output beat expectations. Both domestic and regional markets took this news as positive, as it tends to reflect a manageable slowdown rather than the feared ‘hard-landing’. Both […]
The rumoured report of US weighing possibilities of easing tariffs certainly helped Asian markets to open on a positive note. The Hang Seng and Shanghai markets made steady progress as the day wore-on. The rally was well rounded with all sectors adding to the gains. Given the recent domestic support for China, it was the […]
Main talking topic in Asia today was in the Chinese market after Premier Keqiang’s warning of a difficult year ahead. Offering commitments of additional public services and infrastructure, along with various public spending support, the market initially responded well. Trading from negative territory, both the Hang Seng and Shanghai indices climbed back to trade around […]
It appeared the rally seen in US stocks was insufficient to impress Asia with core markets closing mixed. Japan’s Nikkei returned some of yesterdays gains falling -0.55% with the Yen also trading a little heavy this evening, now with a 109 handle. It was a less than decisive day for Nikkei opening almost where it […]
The theme coming from US markets yesterday was a confident day as prices were lifted for much of it. Japan’s Nikkei also saw healthy demand after a lower open and that comes after yesterdays national holiday. Mostly, the gains were accredited to measurers announced in China of tax cuts and possibly extended weekends, in order […]
A weak start to the week for Asia probably reflecting China’s poor trade data. This mornings data was the lowest in two years and raises concerns of an accelerating global slowdown. The data also posts a 17% increase with the USA, but also worth mentioning is that imports are over 15% lower from Germany too. […]
Last minute positivity in the US was released into Asia and we saw all core markets open higher. The Nikkei gained 1% on the day, even with poor economic data. The Economy watchers Index (Household Spending) released at 48% compared to the 50.5% expected. Previously, this number was recorded at 51, so was already written […]
Today was one of those days that had the potential to see lots, yet decided to leave it for another day. In China we saw a lower than expected print for the inflation data (1.9% against expectations of 2.1%), resulting in a nonchalant equity performance. The Shanghai closed at the days lows, but still just […]
