Asian markets were pretty mixed after yesterdays US sell-off complemented by the tech turnaround. With little activity in Asia the focus is turning to next weeks FED meeting and the outlook for rates and the US Dollar. The strip currently prices in three rate hikes for 2018 and roughly 1.5/2 for 2019. However, one […]
All of the core Asian markets suffered from US uncertainty today with closes mostly in the region of -0.5% lower on the day. Continued uncertainty surrounding the growing fears of a trade war is spooking markets everywhere. The Nikkei finished a four day rally with a -0.9% decline. There was not much volatility there […]
A pretty mixed bag for Asia today with most core indices playing around unchanged for much of the day. The late weakness in the DOW obviously didn’t help confidence but then futures are bouncing back in Asian trading. The talk surrounding US tariffs still add a dampener on the Asian producers and that may be […]
Having seen a record set for the NASDAQ and strong recovery in other core US markets, Asia opened the week on a positive note. The Hang Seng set the pace with an impressive +1.95% return with good performances from across the plain. We saw Energy, construction, banks and autos all helping to inspire confidence in […]
A strong opening for all core Asian markets, but not all could maintain the opening strength. The Nikkei had a great morning session up over 1.3% then was hit after lunch but still managed a +0.5% gain for the day and a +1.4% on the week. Nerves ahead of the US non-farms tended to restrict […]
Markets breathed a sigh of relief yesterday, having heard US trade tariffs may well be targeted rather than blanket and this lifted both US and global indices. We saw a 1.5% return from the Hang Seng as energy, resources, financials and real estate sectors all helping to recover ground lost earlier in the week. […]
Gary Cohn’s resignation, although highly rumoured yesterday, was to have a negative effect on all markets once confirmed. The Asian indices held in initially, but only to fade into the close. The Shanghai core traded in positive territory for much of the day with the decline almost restricted to the final 30 minutes of trading. […]
Asia was very happy to see the US markets rally yesterday and responded with a strong performance themselves. News that the fear of trade wars may have faded helped sentiment and confidence. The Nikkei and the Hang Seng both added 2% which also pushed the Yen back out to the mid 106’s. This currency […]
Although at the National Peoples Congress meeting, China announced an estimated annual growth rate of 6.5% – it was the Hang Seng that took centre stage as far as conversations were concerned! It appeared as though the market finally realised it was supposed to be declining and that led financials to push the index down […]
Mainland China market stood out again today but only because it did not fall as much as other core indices. Shanghai saw its days low just after the opening bell and even looked to trade positive at one stage just ahead of lunch. However, ahead of Italian elections, BREXIT discussions and President Trump’s tariff announcement […]
