A mixed session at best, but probably not surprising for a summer Friday and just ahead of US GDP data release. Australian ASX was the best core performer gaining +0.9%, helped by the announcement that BHP was liquidating USD assets to BP. Shanghai and Hang Seng closed in opposite directions and again, not too far […]
A mixed opening seen in Asia this morning which eventually turned into a down day given the lack of volume and positivity. Even though the US sent a confident tone, the after hours trading in Facebook unnerved many tech stocks. Facebook traded nearly 20% lower in futures terms after the Q2 revenue miss. It was […]
The late recovery in the DOW certainly offered a vote of confidence into Asia which benefited core Nikkei (+0.5%) and Hang Seng (+0.9%). Shanghai played plus and minus all day only to close almost unchanged as the Yuan saw a small recovery after recent declines. We saw a similar story in India where the SENSEX […]
It was business as usual in most Asian markets today, with the Yuan declining followed by a rallying stock market. The Yuan hit it lowest level (6.8255) in over a year today, as market fears the support has been side-lined. The Shanghai index continued its firm run gaining an additional 1.6% today with constant support […]
The market is again balancing the idea of whether or not the Yen is a safe-haven currency! Today, we saw a move back into the mid 110’s in an almost flight to quality run following weaker Nikkei, ASX etc. Japan was a bag of nerves today following the sell-off seen in JGB’s as 10yr rates […]
Much of todays talk surrounded currencies and the talk of combined intervention! Whether it was or wasn’t is immaterial, but what we did witness was a turnaround in the US Dollar strength against most geographies and at the same time a steepening in core bond markets. These currency bounces helped many markets to recover some […]
The strength of the USD is starting to become a lot more visible over the past 48 hours. In some countries, its looks as though currencies require a helping hand just to slow their downward spiral. In Japan the battle surrounding the Yen being a safe-haven or not continues, but looks to be losing […]
A pretty mixed day in Asia today with a small improvement for Japan, whilst the China decline continues. Having heard the comments from FED Chair Jerome Powell, markets assumed a hold mentality with volumes reflecting the uncertainty coupled with summer lull. The Nikkei did add +0.5% onto yesterdays numbers, but at the expense of the […]
Japan was the only one of the core to distance itself form all others and close positive (+0.45%) on the day. That is probably because the Yen lost ground and seems to have finally broken that correlation play for now. Declining energy prices was the main talking point for Asia, but that started late last […]
Despite all of the weekends headlines surrounding US Presidents Trump’s meetings with NATO, UK’s PM Theresa May and then on to Helsinki with President Putin markets maintained calm. The USD remains very well supported, core bonds around the globe held their ground and other than a drift in energy prices, overall we survive in a […]
