Another mixed session for core Asia but we did see a slight pick-up for China following better than expected PMI report. The consensus was looking for a 51 and the actual release came in at 51.2%. Shanghai closed slightly better at +0.3% and proved to be the best performing core market. A good start after […]
It seemed lifeless in Asian trading today as China markets remained closed and the Nikkei hardly moved. Given the stronger than expected Japanese Retails Sales (3.2% against a forecast 2.3%) it is surprise to see the JPY trading back below the 111 figure in European trading. There was much Talk surrounding the MAS (Monetary Authority of Singapore) fining […]
Many markets were closed today and so volumes are traditionally low. Another test missile over the weekend rattled markets initially but the lack of follow-through soon saw nerves settle. The Nikkei finished more-or-less flat with the JPY safe-haven bid failed to materialize. the currency continues to play around the mid-111’s but has plenty of data […]
Asian indices closed lower on the day following a disappointing OPEC announcement. The market had built-up so much expectation that no-reduction was necessary to avoid the dissatisfaction that eventually matured. However, that said the majority of talk early this morning was around the PBOC playing with the currency and also talk that a little intervention […]
Core Asia opened on a positive note following constructive observations from the FED minutes, the addition of apparent OPEC commitments and the lack of market reaction following Moody’s downgrade of China sovereign. Ahead of the long weekend scheduled in the US, the enthusiasm to invest appears positive even as we chase market sentiment. Have we […]
Core Asian markets closed mostly lower after early gains were reversed. Volumes were thin in todays session as G7, OPEC and discussions around the Federal Reserves next move on rates. Oil drifted lower in Asia as President Trump completed his trip and was about to fly to meet the Pope. Thursday OPEC meeting is expecting cuts […]
A mixed session in Asia with no clear direction provided in any of the core markets. Saddening news coming from Manchester, England of the appalling bombing incident at a children’s music concert shocked both markets and people across the world. Police commented that they are treating it as a terrorist incident. The Nikkei, ASX, Shanghai […]
The solid close to US trading on Friday fortunately had more influence than the concerns surrounding the weekend missile test completed by North Korea. The safety bid appeared to be lost in early trade as we watched the JPY lose ground first thing trading 111.60. Despite the marginal performance of the yen the Nikkei joined […]
Asian cash markets had their second chance today to react to the political shenanigans happening in the states. All cash markets were again marked lower with the Nikkei closing -1.3% and was also hindered by the yens strength; as we saw 110.35 trading in the early session. Considering it was trading with a 113 handle […]
While money managers and investor around the world discuss, if this is a game changer or not, one thing is for sure – its a reason to spike volatility! The VIX has gapped 20% (12.70) in early trade as the DOW declined over 250 points and by the close was up 39% at 14.75 (did touch 15% but was […]
