Nikolas Papas, Author at The Industry Spread - Page 20 of 26
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).

Latest news by

Pound Retreats, Asian Stocks down

February 28, 2019

Asian indices finished lower today amid renewed geopolitical concerns including the conflict between India and Pakistan.  The Shanghai Composite Index lost 0.3 percent as more weak data weighed on investor’s sentiment. In Tokyo, the Nikkei225 dipped 0.87 percent to 21,385 while the Hang Seng benchmark in Hong Kong ended 0.11 lower to 28,725. Australian stocks managed to finish the day in positive territory after see-sawing in the earlier part of the session. The ASX 200 inched higher by 18 points or 0.3% to 6169.

Pound targets 1.33 on Brexit Optimism

February 27, 2019

Asian stocks markets finished slightly higher after the testimony from Federal Reserve Chairman Jerome Powell during the US trading session. In Hong Kong the Hang Seng ended flat at 28,759 while the Shanghai Composite index added 0.42 percent to 2,953, the Nikkei 225 in Tokyo rose 0.50 percent to 21,556, while Australian equities have recovered some of yesterday’s losses with the ASX 200 adding 22 points or 0.36 percent to 6150.

Profit Taking Sends Asian Stocks Lower

February 26, 2019

Asian indices finished lower today as traders took some profits after yesterday’s rally. In Japan the Nikkei 225 index shed 0.4 percent to 21,449, the Hong Kong’s Hang Seng index lost 0.6 percent down to 28,772, the Shanghai Composite index lost 0.67 percent to 2,941. The Aussie stocks also finished lower with ASX 200 down 58 points to 6,128. Crude oil lost 32 cents to $55.16/barrel while Brent oil gave up 4 cents to $64.72/barrel. Gold is trading 3 bucks lower to $1325, and the US Dollar index is 0.01 percent lower to 96.41.

Chinese stocks rally as Trump postpones trade deal deadline

February 25, 2019

Chinese stocks finished higher as Sino–US trade talk optimism boosts sentiments. The Shanghai Composite Index is set for the best day since June 2015 adding more than 5 percent to 2,961. In Tokyo, the Nikkei225 gained 0.5 percent to 21,528, and Hong Kong’s Hang Seng finished 0.4 percent higher at 28,959. The ASX 200 in Australia advanced 19 points or 0.31 percent to 6,263, supported by the headlines that the US and China are close to reaching a trade deal. 

German Ifo index, dropped for a sixth consecutive month, Euro flat

February 22, 2019

Chinese and US officials were said to be sketching six broader commitments of a trade deal that would put an end to their trade war as negotiators finally made some significant progress on the tough issues of the seven-month trade war between the two biggest economies.

AUDUSD  tumbles as China moves to ban Australian coal imports

February 21, 2019

China-US trade talks are on focus again today after Donald Trump told reporters at the White House that talks between the two countries were “going very well” and suggested that the 1st March deadline for raising tariffs could be extended. In Tokyo, the Nikkei index gained 0.13 percent to 21,464; the Hang Seng in Hong Kong added 0.41 percent to 28,629 while the Shangai composite finished 0.34 percent lower. Australian stocks rose for the fourth time in five days, with the ASX 200 index lifted by 42pts or 0.7 percent to 6139.2.

Kuroda Sparked a Yen Sell-Off

February 20, 2019

Asian stocks finished the session higher with Nikkei 225 index gaining 0.60 percent at 21,431, Hong Kong’s Hang Seng index jumping 0.86 percent to 27,472, while the Shanghai Composite added 0.2 percent to 2,761. Early gains in Aussie stocks couldn’t be sustained on Wednesday with the market held back by weakness in retail, banking, telco, IT and utility stocks.

Asian Stocks Mixed, EURUSD Flat around 1.13

February 19, 2019

Asian indices finished in mixed tones with investors awaiting further trade talks in Washington later this week between the US and China. The Chinese government accused the US of trying to block its industrial tech development overnight, and that stirred a few sour tones in Asian trading today.

Traders Focus on Trade Talks between the US and China

February 15, 2019

Trade talks between the US and China are also in focus as high-level talks between the two were due to conclude in Beijing later. Traders were also eyeing any developments in the US as President Trump was set to sign a compromise spending deal to avert another government shutdown, but also declare a national emergency in an effort to secure funds to build a Mexico border wall.

Hopes on Trade Truce Extension Drives Markets

February 14, 2019

Traders are remaining hopeful of a trade truce extension between the US and China after US President Trump said he would let the deal deadline slide if both parties were making headway. Asian markets finished flat for the day, after posting decent gains over the last days.