A strong Asian session following yet another record US performance with the added enthusiasm for central guidance from both the BOJ and the ECB. The BOJ left rates unchanged but we did hear them cut the inflation forecast for this and next years. Earlier we also saw the June Trade data release which proved to […]
A healthy close for Asia in todays trading after the uncertainty seen from a mixed US session. The large cap DOW recovery helped but it was the broader S+P and NASDAQ that contributed most for Asia’s impetus. The Nikkei only marginally closed in positive territory but it was the fact that it closed above […]
It was US news again that drove market direction for Asia after we heard late in the US time zone that two additional Republican’s opposed the healthcare bill. The DXY and US index futures were weaker on the news dragging much of Asian equities with them. In China the data for Home Prices released lower […]
The better than expected GDP release we saw from China was unfortunately, only a positive influence for a short period, then profit taking and summer liquidity took over. Shanghai has had a good run so far but having had the Index inclusion and probably suffering from a stronger currency. Second quarter released at 6.9% compared […]
The second day of Chair Janet Yellen’s address and the Asian markets liked what it heard. Although, Chair Yellen did remark that attaining a 3% growth target would be challenging the markets appeared to take it in its stride as they awaited US inflation data. All core Asia closed better with the Australian ASX (+0.5%), […]
Reflected in Wednesdays late US futures trading Asian indices responded with a strong opening theme. China’s Shanghai found additional support from the Trade data releases much stronger than had been forecast. Exports were released 11.3% with Imports at 17.2% whilst the forecasts had been 8.7% Exports and 13.1% Imports. Shanghai closed +0.65% higher with the […]
Another encouraging session for Asia as the confidence continues, at least until we see something to the contrary later in the week. Many are referencing the bond markets as they watch yields creep higher and the curve start to steepen as an indication that things have finally turned. China’s Shanghai settled small lower but the […]
Following on from the weak US session, Asia tended to drift in sympathy. Ahead of the US NFP’s it was always going to be light volume but with G20 also just stated numbers were even lighter. The Shanghai has managed a positive close (+0.17%), but not so for the Hang Seng which closed down -0.5%. […]
Geopolitics has taken centre stage today as Trump comments on the severity required towards North Korea and prepares for his meeting with Russian President Vladimir Putin. German Chancellor Angela Merkel has talks with President Trump are expected to be frosty as she commented, “He is the most disruptive and egotistical leader at the (G20) summit”. […]
Refreshingly, the markets tended to ignore geopolitical tensions escalating around North Korea after the recent missile test. All core markets returned positive today with China performing for both markets. The Shanghai recovered early weakness and closed up 0.75% on the day, whilst in Hong Kong the large cap’s weighed much on the shine but still […]
