Nikolas Papas, Author at The Industry Spread - Page 22 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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Fed to be Patient Raising Rates, Asian Stocks at Four Month High

January 31, 2019

Asian stocks finished the session close to four-month highs, following Wall Street indices, after the FED pledged to be patient in raising rates going forward. Shares in Japan was 1.06% higher at 20,773, and the Shanghai Composite index is gaining 0.35 percent. In Hong Kong, the Hang Seng index finished 1.04 percent higher at 27,935, and South Korea’s Kospi added 0.2%. Australian stocks have not been able to replicate the positive performance in other Asia markets with ASX200 giving up 0.4 percent to 5,864.

Gold Rallies, Asian Stocks Mixed

January 30, 2019

Federal Open Market Committee meeting is on focus today. Although traders expect the Fed to leave its short-term interest rate unchanged, the comments at the press conference by Chairman Jerome Powell will be closely watched.

Asian Stocks Ended the day Bearish

January 29, 2019

Asian stocks finished the day lower as U.S. Justice Department yesterday brought charges against Huawei Technologies Co. alleging that it stole trade secrets from an American rival and committed bank fraud by violating sanctions against doing business with Iran. Caterpillar and Nvidia both reported forecasts for 2019 that disappointed analysts expectations.

Asian Stocks Lower, EURUSD Holds 1.14

January 28, 2019

Stocks in the US rallied on Friday as traders were relieved to see an end to one of the most extended U.S. government shutdown in history. Donald Trump agreed to temporarily end a 35-day-old partial government shutdown without getting the $5.7 billion he had demanded for the Mexico border wall. China-US relations remains in focus as traders mulled over conflicting signals ahead of the round of trade talks over the week.

EURUSD: Bears in Control, Asian stocks Higher

January 25, 2019

European Central Bank (ECB) kept key interest rates and future guidance unchanged but downgraded its assessment by stating that the balance of risks has moved to the downside. The Asian trading session had a positive run even though no deal has been made in relation to the US-China trade situation.

GBP Breaks 1.30, ECB on the Spotlight

January 24, 2019

GBP is the talk of the day in the markets as it broke yesterday above 1.30 and currently is trading at 1.3050 as the risk of a ‘no deal’ Brexit appears to be fading. Stocks in Asia ended mixed with Nikkei 225 in Tokyo down 0.10% at 20,574, the Shanghai Composite index gained 0.5% and the ASX 200 finished the day higher by 22 points or 0.4% to 5,866 after December jobs data beat expectations.

Global Growth Concerns Linger, Weighing on Risk Appetite

January 23, 2019

The Trump administration reportedly cancelled extended trade talks with China which were scheduled for January 31. Asian indices closed mixed with Japan’s Nikkei down 0.14% at 20,593, the Shanghai Composite Index gave up 0.16%, and Australian stocks remained in negative territory this afternoon, as losses from resource stocks and financials were enough to push the market lower for a second day. The ASX 200 fell by 15.1 points or 0.26% to 5843.7. Aussie indices are still up 3.5% in January, making it the best month since April 2018.

Global Growth Worries Send Asian Stocks Lower

January 22, 2019

Asian indices dropped Tuesday as global growth worries are on the headlines again. Japan’s Nikkei225 index shed 0.5%, while Hong Kong’s Hang Seng lost 0.9% and Shanghai Composite index fell 0.7%, Australian stocks have snapped a five session winning streak with the ASX 200 declining by 32 points or 0.5% to 5859. The Aussie dollar has also fallen to its lowest levels in a fortnight as it eased throughout the local session. Australian 10-year bond yields fell one basis point to 2.30%. Ten-year Treasury yields lost 3 basis points to 2.75%.

Asian Indices Higher on Renewed Hopes about US-China Trade Relations

January 21, 2019

China revealed a bunch of economic data. On an annual basis, fourth-quarter GDP was 6.4%, and the consensus was 6.4%. Analysts were expecting retail sales to be 8.2%, and they came in at 8.2%. Industrial output was 5.7%, while traders were anticipating 5.3%. Fixed asset investment was 5.9%, and economists were expecting 6%. China’s economy grew by 6.6% in 2018, its slowest pace since 1990. Brexit will remain in focus this week.