All Articles Tagged - EU50

Stock Market News (European Open) – Europe in red, though losses contained; US tax story remains a major driver of sentiment

Posted on November 10, 2017 at 10:04 am GMT

Following yesterday’s sharp reversal that saw the Japanese Nikkei 225 and Topix indices retreat from multi-decade highs, the two benchmarks extended losses today, finishing lower by 0.8% and 0.7% respectively. Hong Kong’s Hang Seng lost 0.05%, staying near its highest in almost 10 years, while the Shanghai Composite added 0.2% to record a more than one-year high close. There were reports that China will allow foreign firms to take controlling stakes in local securities as well as remove foreign ownership [..]

Stock Market News (European Open) – European stocks edge slightly lower; Japanese equities reverse gains; Nvidia eyed

Posted on November 9, 2017 at 9:39 am GMT

In an unusual day for Japanese equities, the Nikkei 225 finished the day lower by 0.2% and the Topix down by 0.25%. Earlier in the day, the Nikkei and the Topix added 2.0% and 1.5% at their highest, with the former exceeding the 23,000 mark for the first time since January 1992. While it wasn’t clear what prompted the reversal, some attributed it to technical trading. It could had also come – at least in part – on the back [..]

Technical Analysis – EU stocks 50 index retreats from 2-year high but outlook still bullish

Posted on November 8, 2017 at 2:59 pm GMT

The EU 50 stocks index has turned bearish in the short term after the recent upleg became overstretched. The RSI is trending down after scaling overbought levels, pointing to a downside momentum in the near term. Further losses could see prices finding immediate support from the middle Bollinger band at 3638. A move to the lower channel of the Bollinger bands would strengthen the negative bias and open the way towards the 3600 level, which is the 50% Fibonacci retracement [..]

Stock Market News (European Open) – European financials underperform on US tax reform worries; Topix at highest since 1991

Posted on November 8, 2017 at 10:01 am GMT

In Asia, the Nikkei 225 lost 0.1%, remaining within breathing distance of the highest close since early 1992 that was recorded yesterday. The Topix, Japan’s broader index, added 0.2%, finishing the day at its highest since late 1991. Hong Kong’s Hang Seng hit an intra-day decade high before declining to finish the day 0.3% lower. The Shanghai Composite closed marginally higher, rising to a near two-year high during today’s trading. Australia’s S&P/ASX 200 finished up on the margin to post [..]

Stock Market News (European Open) – DAX records fresh record high, boosted by weaker euro; Nikkei at highest since 1992

Posted on November 7, 2017 at 10:14 am GMT

Bullish sentiment was strong in Asian markets today with major indices closing at multi-year highs. The Nikkei 225 and the Topix, Japan’s broader gauge of equity performance, added 1.7% and 1.2% to finish at their highest since early 1992 and early 2007 respectively. The Nikkei is now eyeing the 23,000 mark. The two benchmarks were boosted by positive corporate results and a weakening dollar/yen pair as component stocks’ revenues are heavily dependent on exports. Hong Kong’s Hang Seng rose by [..]

Stock Market News (European Open) – Spanish stocks underperform on Catalan uncertainty; Stoxx 600 remains near 2-year highs

Posted on November 6, 2017 at 10:37 am GMT

Equities in Asia were giving a mixed picture today with most major indices finishing the day not much changed. In Japan, the Nikkei 225 closed marginally higher and the Topix lost 0.1%. Hong Kong’s Hang Seng was little changed and the Shanghai Composite added 0.5%. Australia’s S&P/ASX 200 slid 0.1%. Dollar/yen today touched a near eight-month high of 114.72 on the back of monetary policy divergence as the Federal Reserve remains on a path of normalization whereas the Bank of [..]

Stock Market News (European Open) – FTSE eyes record high; jobs report could drive sentiment in the US

Posted on November 3, 2017 at 10:15 am GMT

Out of Asia, Hong Kong’s Hang Seng added 0.3% with the Shanghai Composite finishing the day lower by 0.4%. Australia’s S&P/ASX 200 advanced by 0.5%. Japanese markets were closed for Culture Day. At 1001 GMT, the overall picture in Europe was positive for the most part with the pan-European Stoxx 600 being up by 0.2%. The blue-chip Euro Stoxx 50 was little changed. The FTSE 100 was 0.3% higher. It yesterday surged on the back of a declining sterling following [..]

Stock Market News (European Open) – European equities slightly lower ahead of BoE; Apple results after US market close

Posted on November 2, 2017 at 9:42 am GMT

Asian equities were projecting a mixed picture today. The Nikkei 225 and the Topix, which more broadly gauges Japanese equity performance, added 0.5% and 0.4% respectively, yet again closing at multi-year highs. Hong Kong’s Hang Seng lost 0.3% and the Shanghai Composite slid by 0.4%. Australia’s S&P/ASX 200 retreated by 0.1%. In the US, sources have indicated that current Fed Board of Governors member Jerome Powell is President Trump’s pick to lead the Fed when Janet Yellen’s term ends in [..]

Stock Market News (European Open) – Positive momentum in Asia moves over to Europe; Stoxx 600 at 2-year high; Facebook eyed

Posted on November 1, 2017 at 9:49 am GMT

Bullish sentiment was strong during today’s trading in Asia with major indices recording notable gains. In Japan, the Nikkei 225 and the broader Topix advanced by 1.9% and 1.2% respectively, closing at fresh multi-year highs. Hong Kong’s Hang Seng added 1.2% and the Shanghai Composite rose by 0.1%. Australia’s S&P/ASX 200 gained 0.5% and South Korea’s Kospi advanced by 1.3% to yet again finish the day at an all-time high. Sony Corporation, a Nikkei 225 and Topix constituent stock, surged [..]

Stock Market News (European Open) – European indices broadly in the green; Stoxx 600 hits 5-month high

Posted on October 31, 2017 at 10:13 am GMT

In Asia, the Nikkei 225 remained flat, while the Topix, Japan’s broader gauge of equity performance, lost 0.3%. Hong Kong’s Hang Seng slid 0.3% while the Shanghai Composite added 0.1%. Australia’s S&P/ASX 200 contracted by 0.2% and the South Korean Kospi advanced by 0.9% to close at an all-time high. Japanese benchmarks were impacted by the decline in SoftBank (down 4.6% – a component stock in both the Nikkei 225 and the Topix). The sell-off was fueled on the back [..]

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