Year end book squaring outweighed yet more positive economic data to close the Nikkei a tad weaker on the day, but closes up 34% on the year. Earlier positives were lost onto the close but probably the result of a stronger Yen trading stronger towards the 112 handle. Both Shanghai and the Hang Seng closed […]
Although not all markets closed positive, the overall theme certainly was. Shanghai and Hang Seng were both strong with gains made from Tech, Consumers and Energy all adding to the near 1% gains. Volumes were again very disappointing with todays HSI around 70% of the previous 30 days average. Much has ben talked of the […]
As can be expected during holiday shortened session, volumes were extremely low and movement similar. The same could not be said for the Euro on Christmas Day though, a large order sent the currency down 3% at one point, only for it to bounce make minutes later. That is often the problem during holiday sessions; […]
Most core Asian indices finished in a positive note with KOPSI recovering some of yesterdays losses but also helped by a warmer rhetoric of language. The Hang Seng traded well following better Technology share performance, but these gains could arguably be reversed flowing BITCOIN price activity seen later in the trading day. Volumes were again […]
It really does feel as though Christmas is being used an excuse not to do anything! Volumes have been poor for a while but recent trading questions whether we really need to open five days a week. No-one expected the BOJ to light the fuse and that was reflected in todays price movement. Early losses […]
Its that time of year again, when volumes are less than comfortable and many just working half-days. We saw a mixed Asian response to the US tax reforms, but to be fair we have seen plenty of upside already. Most core indices edged lower even with currency also losing ground. The Nikkei did managed […]
The Nikkei found it tough to follow other core Asian markets and closed with a small loss. Volumes were again light and even a declining currency didn’t help sentiment. The index had opened on a positive note, but the continued scandal surrounding some construction companies resulted in a lack of follow-through. Closing on its low […]
A solid session across the board and all time zones, for the final week ahead of Christmas. The results heard on Friday that the US corporate tax could be reduced to 21% from high 30’s gave a huge boost to confidence and incentive. Although the US Dollar suffered the DOW futures followed Fridays DOW cash […]
Asia drifted with prices for core all closing around -0.5% lower for the day. Volumes were light but the lack of conviction as well as year end book-squaring were the key discussion topics. The Dollars decline did not help Exporters within the Nikkei, but that has been an issue for a few days this week. […]
Asian markets were the first to reflect the FED’s move, shortly followed by a Chinese response. Earlier today the Peoples Bank of China also raised its base rate by 25bp from 1.50% to 1.75%. In a surprise move they also increase reverse repo rate and Medium Loan Facility by 5bp, in a move that could […]
