All Articles Tagged - US30

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 [..]

European Open Preview – Pound continues to impress; US tax bill vote, Canadian GDP & employment generating excitement

Posted on December 1, 2017 at 8:43 am GMT

Here are the latest developments in global markets: FOREX: The dollar retained its strength against the yen, trading near a 1-½ -week high, finding support from rising US Treasury yields, while the euro was last flat on a weekly basis versus the greenback after advancing in the three preceding weeks. Pound/dollar stretched its uptrend to a fresh two-month high amid hopes that the EU and the UK were preparing the ground to take Brexit talks to the next level, entering [..]

US Open Preview – Euro bears in charge; European stocks in green; eyes on US PCE inflation index & OPEC meeting

Posted on November 30, 2017 at 12:20 pm GMT

Here are the latest developments in global markets: Forex: The euro dived to a one-week low versus the dollar and approached a one-month low against the pound after flash inflation estimates out of the Eurozone inched below expectations in November, whereas the block’s unemployment rate ticked down, hitting fresh multi-year lows. Pound/dollar was on track to post a third straight green daily candle, while the kiwi was the worst performer amid weakening business sentiment. Stocks: European stocks were posting gains. The STOXX 600 index was 0.57% up, the German Dax [..]

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 [..]

European Open Preview – Pound shines on Brexit hopes; tech stocks decline; OPEC meeting, US & eurozone inflation take the stage

Posted on November 30, 2017 at 8:38 am GMT

Here are the latest developments in global markets: FOREX: The dollar was firmer against its major peers but headed for a monthly loss as a rising pound and a stronger euro capped gains arising from investors’ positive sentiment on the US economy despite ongoing geopolitical tensions in the Korean peninsula. Against the yen, the greenback hit a fresh one-week high, while it gained the most relative to the kiwi. STOCKS: The Nikkei 225 closed 0.6% higher and the Hang Seng [..]

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 [..]

Stock Market News (European Open) – Europe on the rise, gains though limited; Chinese equities partially recover

Posted on November 24, 2017 at 9:47 am GMT

Major Asian benchmarks edged higher for the most part today, though their gains were contained. In Japan, the Nikkei 225 and the Topix finished the day up by 0.1% and 0.2% respectively, both rebounding from a 0.6% decline earlier in the day. The two benchmarks are up on the week – their tenth weekly gain in eleven – after the fall in the week that preceded. Following yesterday’s selloff on the back of government efforts to reduce financial risks such [..]

Stock Market News (European Open) – Europe broadly down; Chinese stocks decline sharply; US markets closed for Thanksgiving

Posted on November 23, 2017 at 10:28 am GMT

With Japanese markets closed for Labor Thanksgiving Day, attention shifted to other Asian markets. Hong Kong’s Hang Seng lost 1.0% after yesterday closing at a 10-year high and the Shanghai Composite retreated by 2.3% to record its worst daily performance of the year. Australia’s S&P/ASX 200 finished the day flat. Sentiment is China was negatively affected on the back of government warnings of an overextended market and increased deleveraging efforts on fears of a looming credit crisis. Bond markets are falling [..]

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