All Articles Tagged - EU50

Stock Market News (European Open) – Miners dominate Stoxx 600 outperformers; Japanese equities renew highs

Posted on October 16, 2017 at 9:41 am GMT

Equities in Asia were rising for the most part. In Japan, the Nikkei added 0.5% and the nation’s broader equity gauge, the Topix, gained 0.6%, both renewing the multi-year high closes set during the previous week; the Nikkei and Topix finished today’s trading at their highest since 1996 and 2007 respectively. Hong Kong’s Hang Seng advanced by 0.8% with the Shanghai Composite losing 0.35%. Australia’s S&P/ASX 200 and South Korea’s Kospi rose by 0.6% and 0.3% respectively. The governor of [..]

Stock Market News (European Open) – FTSE suffers on sterling rebound; Japanese benchmarks at multi-year highs

Posted on October 13, 2017 at 9:50 am GMT

In Asia, the Nikkei 225 added 1.0% to close this week’s trading at its highest since 1996 with the Topix, Japan’s broader equity gauge, gaining 0.5% to finish the week at its highest since 2007. Hong Kong’s Hang Seng rose by 0.1% and the Shanghai Composite advanced by 0.2%. Australia’s S&P/ASX 200 added 0.3% and the South Korean Kospi retreated by 0.05%. Today there were reports of a small magnitude earthquake near the area where North Korea conducted nuclear tests in the past, raising concerns for [..]

Stock Market News (US Open) – FTSE benefits on falling sterling; major Wall Street indices open slightly lower

Posted on October 12, 2017 at 1:50 pm GMT

With the open of US markets, the pan-European Stoxx 600 and the blue-chip Euro Stoxx 50 were both trading lower by 0.1% and 0.2% on the day with major blue-chip benchmarks in Europe giving a mixed picture. The FTSE 100 was the brightest spot in terms of performance among main European blue-chip indices. The closely-watched benchmark was up by 0.3%, reaching its highest since early June at one point during today’s trading. FTSE constituents’ revenues are to a significant extent [..]

Stock Market News (US Open) – Spanish equities outperform as tensions ease in Catalonia; main US indices open little changed

Posted on October 11, 2017 at 1:41 pm GMT

Most major European benchmarks were trading in the red as the US was opening for trading. At 1330 GMT, the Stoxx 600, which gives a broad picture of European equites, was 0.1% down while the blue-chip Euro Stoxx 50 traded higher by 0.05%. Catalan President Carles Puigdemont called for a dialogue between the Spanish government and Catalonia in relation to the latter’s bid for independence, adding that “at this moment a de-escalation of tensions is necessary”. In a way he [..]

Stock Market News (US Open) – European luxury brands benefit on LVMH results; major Wall Street indices reach all-time highs

Posted on October 10, 2017 at 3:16 pm GMT

At 1507 GMT, the pan-European Stoxx 600 index was trading 0.1% down on the day but still not far away from the near 12-week high of 391.09 that was recorded last week. The blue-chip Euro Stoxx 50 was deeper in losses, being down by 0.4%. The Spanish IBEX 35 traded 1.2% lower as European markets were getting near the day’s close, performing the worst among major blue-chip indices in Europe. Carles Puigdemont, the president of the government of Catalonia, is scheduled [..]

Stock Market News (European Open) – Equity markets shrug off N. Korean story; DAX hits fresh record-high

Posted on October 9, 2017 at 9:42 am GMT

Out of Asia, Hong Kong’s Hang Seng lost 0.5%. The Shanghai Composite added 0.8% after being closed for holidays the previous week, and Australia’s S&P/ASX 200 gained 0.5%. Japanese and South Korean markets were shut for holidays. Concerns over tensions in the Korean peninsula might had resurfaced after comments by US President Donald Trump and reports North Korea might be preparing a long-range missile test that could have the capacity to reach the west coast of the US, however equity [..]

Stock Market News (European Open) – Spanish stocks reverse into losses; bullish US sentiment reverberates to Asia

Posted on October 6, 2017 at 9:37 am GMT

In Asian markets, the Nikkei 225 and the Topix, Japan’s broader gauge of equity performance, both added 0.3%. Hong Kong’s Hang Seng rose by 0.3% and Australia’s S&P/ASX 200 gained 1.0%, making up for a significant part of losses from preceding days. US equities yet again hit all-time highs during yesterday’s trading, recording decent gains along the way as well. The Dow added 0.5%, the S&P 500 rose by 0.6% and the tech-heavy Nasdaq Composite added 0.8%. The S&P rose [..]

Technical Analysis – EURO Stoxx 50 index overbought but still bullish

Posted on October 4, 2017 at 11:46 am GMT

The Euro Stoxx 50 index surged to a 2 ½-month high of 3612.36 on October 3, retracing more than 70% of the downtrend it recorded from May 8 to August 29. Technical indicators signal a bullish picture both in the short and the medium term. However, the index might continue stretching its current red candle during the day as the index is overbought. According to the RSI and the MACD oscillators, the bias in the short term is bullish, with [..]

Stock Market News (European Open) – Europe broadly lower with Spanish equities underperforming; Hang Seng adds to gains

Posted on October 4, 2017 at 9:43 am GMT

The Japanese Nikkei 225 and the broader Topix finished the day at fresh three-year highs after achieving the same feat yesterday, albeit their performance significantly lacked yesterday’s rise. The former added less than 0.1% and the latter was only higher on the margin. Hong Kong’s Hang Seng gained 0.7% after yesterday’s surge by 2.25%; the index has been on a positive footing after the PBOC announced that it will reduce the bank reserve requirement ratio, boosting banking stocks. Australia’s S&P/ASX 200 added [..]

Stock Market News (European Open) – European stocks mostly flat; Asia broadly higher

Posted on October 3, 2017 at 9:58 am GMT

In Asia, the Nikkei 225 finished the day higher by 1.1%, while the Topix, Japan’s broader equity index, gained 0.65%. Both benchmarks recorded their highest close since August 2015. Hong Kong’s Hang Seng made a strong comeback after yesterday’s holiday, jumping by 2.25%. Australia’s S&P/ASX 200 declined by 0.5% after yesterday’s advance of 0.8%. Mainland China and South Korea remain closed for public holidays. The Dow Jones Industrial Average, S&P 500 and Nasdaq Composite all closed at all-time highs during [..]

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