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Stock Market News (European Open) – European indices on the rise as financials gain on Fed

Posted on September 21, 2017 at 10:04 am GMT

In Japan, the Nikkei 225 continued rising for the fourth straight day, this time adding 0.2%, while the Topix, the country’s broader equity gauge rose by 0.05%, giving up earlier gains. Αt its highest the Topix was up by a bit more than 0.7%, reaching its best level since August 2015. Hong Kong’s Hang Seng finished the day marginally higher and the Shanghai Composite fell by 0.2%. Australia’s S&P/ASX 200 lost a significant 0.9%. The Federal Reserve and the Bank of Japan completed their meetings [..]

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Stock Market News (US Open) – Stocks head towards Fed announcement in mixed mood

Posted on September 20, 2017 at 1:46 pm GMT

Stocks around the world were basically waiting for the monetary policy verdict of the Federal Reserve, as its policy stance could influence other major central banks to tighten or stay pat as well. Investors were reluctant to push indices far from their prevailing levels in the face of such major event risk. In corporate news, Thyssenkrupp and Tata Steel agreed to merge and form the second largest steel company in Europe. The aim of the merger is to consolidate the [..]

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Stock Market News (European Open) – European equities edge higher; Trump comments largely shrugged off

Posted on September 20, 2017 at 9:31 am GMT

In Asian markets, the Nikkei 225 added little after yesterday’s massive gain by nearly 2.0%, rising by 0.05% in today’s trading. Japan’s broader equity gauge, the Topix, was flat at yesterday’s level which constituted the highest the benchmark has reached since August 2015. Hong Kong’s Hang Seng gained 0.3% and the Shanghai Composite advanced by 0.3%. Australia’s S&P/ASX 200 lost a bit less than 0.1%. US President Donald Trump delivered a tough speech yesterday at the UN, threatening to “totally [..]

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Stock Market News (US Open) – Stock market rally slows as Fed meeting starts

Posted on September 19, 2017 at 1:47 pm GMT

The absence of major corporate news stories made investors focus more on broader themes such as the upcoming Fed decision on interest rates on Wednesday and President Trump’s speech at the UN. One company story that was making headlines was the filing for bankruptcy by the largest US toy merchandise stores, Toys R Us. The iconic brand’s shops were unable to cope with competition from online resellers such as Amazon and discounters such as Walmart. The company is not listed [..]

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Stock Market News (European Open) – European stocks decline modestly; Japanese equities surge after holiday

Posted on September 19, 2017 at 10:03 am GMT

As Japanese markets were back in business after yesterday’s “Respect for the Aged Day” holiday, major indices in the country enjoyed the bullish reaction that equity benchmarks across the world had experienced the day before. Specifically, the Nikkei 225 gained nearly 2.0%, while Japan’s broader index, the Topix, advanced by an also impressive 1.8%, rising to its highest since August 2015. Hong Kong’s Hang Seng lost 0.4%, the Shanghai Composite fell by 0.2% and Australia’s S&P/ASX 200 declined by 0.1% [..]

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Stock Market News (US Open) – US indices hover near all-time highs while Portugal upgrade and telecoms power Europe higher

Posted on September 18, 2017 at 1:55 pm GMT

Stock markets in Europe pared earlier gains but remained positive in the midst of positive risk appetite around the world.  Portugal led Europe higher after rating agency Standard and Poor’s upgraded the country to investment grade, the first of the three big rating agencies to do so. The Stoxx Europe 500 index was up by 0.28% just before the US open, with investors preferring telecommunications, industrials and basic materials.  Defensive sectors such as healthcare and consumer non-cyclicals were lagging today’s [..]

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Stock Market News (European Open) – Risk-on across the board; Stoxx 600 records 7-week high

Posted on September 18, 2017 at 10:01 am GMT

In terms of Asian indices, Hong Kong’s Hang Seng finished the day higher by an impressive 1.3%. The Shanghai Composite rose by 0.3% and Australia’s S&P/ASX 200 by a bit less than 0.5%. South Korea’s Kospi performed the strongest since early May, gaining close to 1.4%. Japanese markets were closed for a public holiday. The risk-off trades during Friday’s trading after North Korea performed another missile test were short-lived, failing to have much of an impact on investors’ appetite for [..]

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Stock Market News (US Open) – European equities decline, still higher on the week; Wall Street shrugs off N. Korean strike

Posted on September 15, 2017 at 2:10 pm GMT

As markets were getting near the week’s close in Europe, the pan-European Stoxx 600, which more broadly gauges equity performance in the old continent, was trading 0.3% lower on the day. This fall was deeper relative to declines during morning trading, as the index was pushed lower by banking stocks which extended losses from earlier in the day. Still, on a weekly basis the benchmark was performing strongly, being up by 1.3%. The FTSE 100, which has been in focus [..]

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Stock Market News (European Open) – N. Korean missile launch already priced in?

Posted on September 15, 2017 at 10:09 am GMT

North Korea today yet again launching a missile that flew over Japan and landed into the Pacific Ocean did dampen appetite for risk, though not as much as similar actions in the past. In particular, market reaction indicated that either such a move was expected – at least to a large extent – or that it was perceived as a continuation of provocation from recent weeks rather than adding to tensions. Indicative of this is the fact that perceived safe [..]

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Stock Market News (US Open) – FTSE declines steeply on sterling strength; Apple weighs on US benchmarks

Posted on September 14, 2017 at 2:15 pm GMT

The pan-European Stoxx 600, which gives a wider view of European equities, was trading up on the margin as European traders were getting near the market’s close. The FTSE 100 was a notable decliner, being dragged down by the stronger British currency. Sterling surged today after Bank of England policymakers, upon completion of their meeting on monetary policy, signaled that a rate hike might be delivered for the first time in more than ten years “in the coming months”. Indicatively, [..]

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