Nikolas Papas, Author at The Industry Spread - Page 20 of 27
Nikolas Papas
Nikolas has been involved in the finance industry for over fifteen years spanning across Europe and USA with a depth of knowledge and experience within many aspects of the financial markets. Nikolas gained several years experience with some of the Europe’s leading Brokers, as equity analyst, and trader managing accounts for both Private and Corporate Investors. He enjoys both the fundamental and technical aspects of trading focusing on stock markets and all FX majors. Currently Nikolas provides analysis and comments to online financial publications. Educational background in Economics (BSc), and Finance (MSc).

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RBNZ Turns Dovish, NZDUSD Below 0.68

March 27, 2019

Asian stocks for one more day finished mixed amid concerns of slower global growth, Brexit complications and US-China trade talks remain in focus.

Stock Markets Search for Direction

March 26, 2019

Asian stocks finished mixed after yesterday’s sell-off amid fears of US recession and weak macro data as Japanese’s January month all industry activity index lagged behind at +0.2% forecast to -0.2%. In Japan, the Nikkei225 main index rebounded 2.15 percent after hitting yesterday’s five-week low, to 21,428, the Hang Seng benchmark in Hong Kong finished 0.15 percent lower at 28,485.

US Recession Fears Weighing on Investors Sentiment

March 25, 2019

Asian stocks finished in red on Monday after fears of US recession resurface, and weak macro data as Japanese January month all industry activity index lagged behind at +0.2% forecast to -0.2%. The yield on the U.S. 10-year Treasury note dipped about 1.6 basis points below the yield on the three-month Bill, an inversion that has investors worried a recession could be hit in the near future. In Japan the Nikkei225 main index hit a five-week low after tumble 3.01 percent to 20,977, the Hang Seng benchmark in Hong Kong finished 2.03 percent lower at 28,523.

Post-FOMC Bearish Pressure Surrounds US Dollar

March 22, 2019

In Japan the Nikkei225 main index added 0.09 percent to 21627, the Hang Seng benchmark in Hong Kong finished 0.25 percent lower at 28,989. The Shanghai Composite finished 0.01 percent higher at 3,101 and in Singapore, the FTSE Straits Times index gained 0.02 percent at 3,213. The Aussie stock market managed to make a solid gain today, capping off what’s been a week of choppy and lackluster trade. The ASX 200 rose 28 points or 0.5% to 6,195 – helped by gains in financial, energy, retail, healthcare, IT and utility stocks. The index gained 0.3% for the week.

Post-FOMC Bearish Pressure Surrounds US Dollar

March 21, 2019

The dovish outlook from FED failed to impress Asian equities which finished mixed today as media reports suggested that progress in relation to China-US trade negotiations have been stymied with the Chinese unwilling to yield to US demands, the Hang Seng benchmark in Hong Kong finished 0.85 percent lower at 29,071. The Shanghai Composite finished 0.35 percent higher at 3,101 and in Singapore, the FTSE Straits Times index added 0.27 percent at 3,215.

Low volatility ahead of the FOMC Meeting

March 20, 2019

Asia stocks finished flat today as traders await the U.S. Federal Reserve meeting later during US session. Media reports have suggested that progress in relation to China-US trade negotiations have been stymied with the Chinese unwilling to yield to US demands. In Japan, the Nikkei225 main index added 0.20 percent to 21,608 and the Hang Seng benchmark in Hong Kong finished 0.32 percent lower at 29,368.

Global Markets Calm ahead of FOMC Meeting

March 19, 2019

Asia stocks finished almost flat today as traders awaited the U.S. Federal Reserve meeting later on Wednesday. In Japan, the Nikkei225 main index lost 0.08 percent to 21,566 and the Hang Seng benchmark in Hong Kong finished 0.19 percent higher at 29,466. The Shanghai Composite finished 0.18 percent lower at 3,090, while stocks in Australia has again seesawed in and out of negative territory, held back by losses in the Financial, IT, Healthcare and Energy sectors. Miners extended yesterday’s strong gains, buoyed by further strength in the price of iron ore. The ASX 200 closed down 5 points or 0.1% to 6,184.

Asian stocks Rallied, AUDUSD breaks above 0.71

March 18, 2019

Asia stocks advanced in the first trading day of the week as traders spy a possible light at the end of the tunnel in talks between the UK and EU and China’s suggestion of an official state visit by President Xi linked to a trade deal will see the meeting take place in late April, a delay to the much-anticipated March finish.

Global Equities Advance, Yen stabilizes at 111.70 After BoJ

March 15, 2019

Asia stocks advanced in the last trading day of the week as traders spy a possible light at the end of the tunnel in talks between the UK and EU and China’s suggestion of an official state visit by President Xi linked to a trade deal will see the meeting take place in late April, a delay to the much-anticipated March finish. In Japan, the Nikkei225 main index rose 0.77 percent to 21,450, and the Hang Seng benchmark in Hong Kong finished 0.90 percent higher at 29,109.

GBPUSD Volatility is Still the Name of the Game

March 14, 2019

Fresh Chinese worse-than-expected industrial production data which was the lowest output growth in 17 years weighed on Asian equities. In Japan, the Nikkei225 main index lost 0.02 percent to 21,287, and the Hang Seng benchmark in Hong Kong finished flat at 28,834. The Shanghai Composite shed 1.20 percent at 2,990, while stocks in Australia which had been under pressure for most of the afternoon, however, managed to claw back gains in the final hour of trade as the Financial sector improved. The ASX 200 closed up 18 points or 0.3% to 6,179.