The news of Steve Bannon’s departure on Friday came too late for Asia and so cash markets readjusted in this mornings session. We did see a little move back into the JPY again, but much of that move was Friday evening and so today was a combination of the remnants of this and the concerns […]
We didn’t really need an excuse for why equity markets were lower in Asia today, but we certainly found it in US markets irrespective of political uncertainties – if we were looking! Ahead of the weekend and a move into US Dollars the Nikkei lost 1.2% but interestingly the JPY only just moved back to […]
FED minutes were the talking point early on and the split decision the market hadn’t really expected. A little more uncertainty thrown into the mix which creates hesitation and a reason to take a little cash off of the table. Throw in the Trump disbanding both the Manufacturing Council and Policy Forum and questions start […]
Asia took its cue from the strong US session and initially saw gains across the core. The Nikkei made-up for its previous poor performance with a closing gain in-excess of 1.1% and watched as the yen played at the mid 110’s. Having seen the bounce-back, volumes were lower than usual but with national holidays in […]
Despite a better than expected Japanese Q2 GDP (annualised 4%) the Nikkei fell 1% in thin summer trading. The currency probably took most of the blame for this as it weakened back towards 110 as we head to the end of the trading day. One wonders if the flight to safety argument is finally being […]
China really felt the hesitant mood today with the main Shanghai index down 1.6% and the Hang Seng fall over 2%. President Trump really was doubling down on the speech play late US/early Asian time zone and the markets reflected the mood. South Korean KOPSI dropped 1.7% in todays trading and also the SENSEX gave […]
Although Asian core all closed lower it really wasn’t that bad – at least in the Asian cash time zone. The JPY traded above the 110 level as cash rebounded at the close but then saw the late safety rally (US time zone). It was the large cap Hang Seng that appeared nervous in late […]
Only one big topic for Asian markets this morning and unfortunately, not a happy one. The uptick in geo-politics dominated everything today and unsurprisingly saw equities retreat, with a rally in gold and treasuries. The Nikkei fell the most of the cores with a decline of 1.3% and saw a strengthening of its currency down […]
We did not see a clear direction for core Asian indices today as we played between the positive and negative for most of the day. A typical August Tuesday with slow trade, low volume and no direction but we did have economic data to digest. Chinese released Export numbers for July increased by 7.2% whilst […]
Asia opened still with the buzz of Fridays surprizing good payrolls number. There were some concerns surrounding the sanctions the United Nations imposed on North Korea but these were quickly dismissed as the day wore-on. In Japan the Nikkei was not to sure in which direction to move and suffered a little ahead of lunch […]
