Stock Market News / Page 128

Stock Market News – Financials could be in for a hard landing should deregulation stall

Posted on December 18, 2017 at 3:38 pm GMT

The likely passage of tax reform legislation before the end of the year, as well as prospects for deregulation in the banking sector, have been pushing shares within the financial sector higher. However, after Republicans lost a Senate seat in Alabama last week, one should wonder whether the market is getting ahead of itself in terms of bullish bets on financials, given that the outlook for deregulation is now under threat as Republicans – who are the ones expected to [..]

Technical Analysis – US 30 index bullish in the short- and medium-term; RSI though overbought

Posted on December 15, 2017 at 11:31 am GMT

The US 30 index has been advancing for the most part in recent days, reaching an all-time high of 24,678.00 during yesterday’s trading. The Tenkan-sen line being above the Kijun-sen line is a positive alignment pointing to a bullish short-term picture for the index. The RSI, which has been moving higher in recent weeks, supports a positive view in the short-term, though it has crossed into overbought territory above the 70 level, rendering a short-term pullback a possibility. Turning to [..]

Stock Market News – Energy stocks: a short-term tactical trade or is long-term appreciation to be expected?

Posted on December 12, 2017 at 4:23 pm GMT

WTI and Brent crude have recorded strong gains since roughly the completion of the first half of the year. Year-to-date, they’re up by 8.6% and 14.9% respectively, while their appreciation from the year’s lows in late June stands at 38.7% and 47.2%. Both benchmarks currently trade around 2-½-year highs. Energy stocks have been beneficiaries of this rise in oil prices during the second half of the year. The positive performance in energy stocks throughout most of the second half of [..]

Stock Market News – Tech selloff: an opportunity to buy the dip?

Posted on December 5, 2017 at 4:22 pm GMT

Following the Senate’s approval of the tax bill over the weekend, the Dow Jones Industrial Average posted a record-high close during Monday’s trading. Despite finishing at an all-time high though, positive sentiment from earlier in the day was not maintained and the blue-chip index gave up on most of its earlier gains. The S&P 500 slid by 0.1%, with technology stocks being a notable underperformer dragging the index lower from a 0.9% gain at its session high, and the tech-heavy [..]

Stock Market Update – Europe gains broadly as tax bill boosts sentiment; US markets expected to open higher

Posted on December 4, 2017 at 11:41 am GMT

In Asia, the Japanese Nikkei 225 and Topix indices both finished the day lower by 0.5%. Hong Kong’s Hang Seng rose by 0.2%, while the Shanghai Composite retreated by the same proportion. Australia’s S&P/ASX 200 slid by 0.1%. It is interesting that Asian equities didn’t benefit from upbeat sentiment following the passage of the much-talked tax bill by the US Senate over the weekend, neither – in the case of Japanese stocks –from the rising dollar/yen pair. European bourses however, traded [..]

Stock Market Update – Sea of red in Europe; Asia mixed; US tax bill judgement day

Posted on December 1, 2017 at 11:34 am GMT

Asian equities projected a mixed picture today. In Japan, the Nikkei 225 and the Topix indices finished the day higher by 0.4% and 0.25% respectively. Earlier in the day, the Nikkei advanced by as much as 1.2% to stand at its highest since 1992, however it didn’t manage to sustain those gains. Hong Kong’s Hang Seng lost 0.35% and the Shanghai Composite remained flat. Australia’s S&P/ASX 200 added 0.3%. Major Wall Street indices all managed to finish the day higher [..]

Stock Market Update – US tech selloff spreads to other markets; bullish sentiment in Europe; US tax bill & energy eyed ahead of OPEC

Posted on November 30, 2017 at 11:35 am GMT

A selloff in tech stocks yesterday in the US reverberated into Asia today with the sector underperforming and weighing on major benchmarks. The Nikkei 225 and the Topix, which more broadly gauges Japanese equity performance, finished the day higher by 0.6% and 0.3% respectively. Hong Kong’s Hang Seng lost 1.5% with all industry sectors in the red and technology being the worst performer. The Shanghai Composite slid by 0.6%. Australia’s S&P/ASX 200 declined by 0.7% with tech again being the [..]

Stock Market Update – Markets pay little attention to N. Korean ICBM launch; Europe broadly up; FTSE hurt by rising sterling

Posted on November 29, 2017 at 11:10 am GMT

Asian equities didn’t seem much affected by a North Korean intercontinental ballistic missile launch (ICBM) that landed in the Sea of Japan, the first such launch in more than two months. The Japanese Nikkei 225 and the Topix indices finished higher by 0.5% and 0.8% respectively. Hong Kong’s Hang Seng lost 0.2% and the Shanghai Composite gained 0.1%. The South Korean Kospi declined by 0.05%. Australia’s S&P/ASX 200 advanced by 0.45%. Markets not paying much attention to Pyongyang’s latest move [..]

Stock Market Update – European stocks higher; miners dominate FTSE decliners as metals continue retreat; US tax reform eyed

Posted on November 28, 2017 at 11:09 am GMT

Most major Asian benchmarks finished lower during today’s trading though their losses were limited. The Nikkei 225 closed marginally lower and Japan’s broader gauge of equity performance, the Topix, was down by 0.3%. Hong Kong’s Hang Seng finished only marginally down, and the Shanghai Composite added 0.3%. Chinese equities posted a rebound after being under pressure earlier in the day, as government efforts to curb financial market risks in the economy continue. Australia’s S&P/ASX 200 lost 0.1%. President Trump will [..]

Stock Market Update – Europe broadly up; Asian equities decline; US tax reform at center of attention

Posted on November 27, 2017 at 11:30 am GMT

Asian equities were broadly on the decline today. The Japanese Nikkei 225 and Topix indices both finished the day lower by 0.2% after erasing earlier gains. Hong Kong’s Hang Seng Index declined by 0.6% and the Shanghai Composite fell by 0.9%. Australia’s S&P/ASX 200 added 0.1%. The Thanksgiving holiday in the US during the previous week meant little developments on the tax reform front. This week though, deliberations to pass the relevant legislation are once again on the forefront and [..]

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