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 […]
We saw a bit of a rebound in Asia today, after yesterdays decline. Shanghai and Hang Seng both up around 1%, Shanghai outperforming the HSI. Markets were keen to see rallies for the US markets and especially ahead of the much expected FED rate rise, due later today. We are seeing yields in US treasuries […]
Asian markets were a little nervous in todays trading, ahead of FED decision. Despite the strength seen in oil, markets saw prices lower loose their early strength as the day wore on. in China the loans nominal grew from an expected 800bn to 1.1tln and hinder any further progress and even turned sentiment negative in […]
A strong session from Asia to open the week with Hang Seng and Shanghai both higher by 1%. Having seen a brief wobble at the start of trading, the move was quickly rejected and we traded from strength to strength. Energy, Tech and Financials were the leaders for the day with volumes actually increasing slightly […]
Asia started where the US markets off and confidence ahead of payrolls Friday, a government shut-down averted and hopes riding high for a BREXIT deal – which ran on the back of Sterling’s strength. For the Nikkei it felt important that we saw a 1.5% rally today taking us back to returning a roughly flat […]
A refreshing bounce for both the Hang Seng and the Nikkei were most welcome despite the continued low volume. Admittedly, the HSI only saw a small improvement but the Japanese index recovered 1.5%. Financials helped todays bounce with technology managing to hold yesterdays declines. There is still an air of optimism coming from global events […]
We saw another weak day for Asia with two key exchanges losing over 2%. The Japanese Nikkei and Hong Kong’s Hang Seng both lost ground as technology, financials and energy companies continue to give back the years gains. Confidence was already waning but was not helped after Australian growth missed expectation which […]
