Nikolas Papas, Author at The Industry Spread - Page 21 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).

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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.

Asian Stocks Higher amid Positive Reports Regarding the Trade Talks

February 13, 2019

Optimism emerges in US-China trade talks and traders throw bids in Asian markets with Tokyo’s main index adding 1.31 percent to 21,144 making to eight weeks high, the Hang Seng in Hong Kong rose 1.16 percent to 28,497 and Shanghai Composite index advanced 1.84 percent to 2,721. The Aussie ASX 200 index shed 0.3 percent to 6,063. US Dollar index trading flat at 96.73.  The crude oil rose 50 cents to $53.60/barrel, and Brent oil gained 53 cents to $62.95/barrel. Gold is adding two dollars to $1312.65.

EURUSD at Yearly Low

February 12, 2019

Asian indices closed higher on Tuesday on optimism that the Sino-US trade talks may be able to reach a trade deal before the deadline on March 1st. Japan’s major index Nikkei closed 2.61 percent higher at 20,864 China’s Shanghai Composite index also added 0.52 percent to 2,668, Hong Kong’s Hang Seng finished 0.11 percent higher at 28,177 while Australian stocks has bounced off its early lows to snap two straight sessions of losses on Tuesday.

Eurozone Growth Concerns will Weight on Markets

February 11, 2019

In a week that is once again likely to have Brexit as a dominant theme, Asian indices were mixed on quiet trading day with ASX 200 down by 0.2 but managed to hold above 6000pts and near four-month highs. The Shanghai Composite index finished 1.36 percent higher to 2,653 the Hong Kong’s Hang Seng HSI, rose 0.2% and The Kospi in South Korea lost 0.1%.

More troubles Ahead as Eurozone Growth Forecasts Slashed

February 8, 2019

Global growth concerns send Asian stocks lower. The main Japanese index Nikkei225 shed 2.01 percent to 20,333. Hang Seng reopened after a Lunar New Year break, lost 0.16 percent to 27,946. The Kospi lost 1.2%, and Australian stocks snapped its four-session winning streak with the ASX 200 sliding 21 points or 0.3% to 6071, but despite a lackluster session today it has still been the best weekly performance for the index since November 2016.

Nikkei Closes Lower, NZDUSD Plummets to 0.6745

February 7, 2019

Japanese main stock index Nikkei 225 finished 0.59 percent lower at 20,751 on concerns over the Sino-US trade war while South Korea’s Kospi rose 0.3 percent to 2,209.76 and New Zealand’s NZX index finished 0.8 percent higher. Aussie stocks have extended its winning streak to four days, hitting fresh four-month highs with the ASX 200 adding 1.1 per cent to 6,026 thanks to gains across all sectors. NZDUSD took a hit on the chin after a weaker-than-expected New Zealand labor market data raised the odds of an RBNZ rate cut.

RBA sends Aussie Dollar Lower, Greenback gains

February 6, 2019

Indices closed higher in Asia following a late rally in Nasdaq as investors continue to wait on further developments in trade talks between China and US. In Tokyo, the Nikkei 225 edged 0.14 percent higher on Wednesday, and the Australian stocks continued to climb higher, to end a third straight session in positive territory.

RBA Keeps Policy Steady as Expected

February 5, 2019

The Reserve Bank of Australia at its February monetary policy meeting left the official cash rate unchanged at a record low of 1.50% for the 27th straight meeting, thus supporting Australian shares which ended 1.9 percent higher at 6,005 following gains from financials, marking the best gains of the year for Aussie stocks.

Stock Markets Higher on Positive Sentiment

February 4, 2019

Positive news from US-China trade talks during the weekend pushed Asian stocks higher. In Tokyo, Japan’s Nikkei 225 index finished 0.3% higher at 20,883 the Hong Kong’s Hang Seng index added 0.21% percent higher at 27,990.

EURUSD Corrects Lower, US – Sino Trade Talks Ended with no Deal

February 1, 2019

Trade talks in Washington between the two biggest economies ended without a deal. Trump has insisted that if a satisfactory deal is not reached, the tariffs will be imposed at the deadline. The China Caixin Manufacturing PMI came in at 48.3 below analyst’s forecasts (49.5) in January the reading was the lowest since early 2016.