Nikolas Papas, Author at The Industry Spread - Page 23 of 25
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

All eyes in London Ahead of Brexit Vote

January 15, 2019

Asian stocks indices ended the session higher as yesterday’s weaker Chinese trade data lends itself to further stimulus by Chinese authorities to boost the economy amid a global slowdown in economic activity and growth.

Weak Chinese Data Sends Asian Stocks Lower

January 14, 2019

China’s trade data was exceptionally weak in Dec, with exports coming at -4.4% Y/Y and imports printing -7.6% Y/Y, compared with market +2.0% and +4.5% respectively. The disappointing numbers send equities lower with Hong Kong’s Hang Seng down 1.4%, in Australia, the ASX 200 closed marginally lower by 1 point or to 5773.4 recovering from session lows. The Shanghai Composite fell 0.6%, while the South Korean Kospi declined 0.7%.

Federal Reserve Will be Patient About Raising Interest Rates

January 11, 2019

Asian markets finished higher after Chairman Jerome Powell reiterated that Federal Reserve would be patient about raising interest rates, Japan’s Nikkei 225 index gained 0.7%, Hong Kong’s Hang Seng rose 0.1%, the Shanghai Composite index also advanced 0.1%, Australian stocks eased by 0.3%, slipping for the first time in five sessions despite encouraging retail trade data.

Fed Members Are Starting to Become More Cautious

January 10, 2019

Trade optimism remained as China and the US extended talks for the third day in Beijing. The latest FOMC minutes overall suggested that Fed members were starting to become more cautious on the US economic outlook and path for policy at the December meeting.

US-China Trade Talks Improve Risk Appetite

January 9, 2019

President Trump tweeted overnight that “talks with China are going very well” while the meetings were extended for a third day in Beijing, gave Asian stocks a boost to three week high. This combined with no surprises in President Trump’s Oval Office address earlier in the day seemed to help push equities higher in the Asian session.

Euro Rally Stops at 1.1484

January 8, 2019

Asian stock indices ended the day mixed with Japan’s Nikkei up 1%, Hong Kong’s Hang Seng Index was up 0.2%, and the Shanghai Composite was down about 0.2%. The ASX 200 index finished the session 39 points or 0.7% higher to 5722.4 after initially starting the day in the red. The index has also managed to finish at its best levels in more than five weeks.

Japanese Yen Sharply Higher Against USD

January 3, 2019

A flash crash in the currency market sent the USDJPY down to 106.55, and AUDUSD down to 0.6775 in just five minutes, hitting 10-year lows against the yen and the dollar. Flash crash was blamed in part on algorithmic trading during an illiquid market. Japanese traders were on holiday, while the United States market had closed for the day.

Equity Markets Bullish on the Last Trading Day of the Year

December 31, 2018

Equity markets rose on the last trading day of the year. In Hong Kong, Hang Seng Index was up 1.2%, the S&P/ASX200 index closed down 7.9 points, or 0.14 per cent, at 5645.0. The ASX index has lost 9.04% since September – the worst quarter since September 2011 – with the benchmark also enduring its worst year in seven years, down 6.9%. In Tokyo, Nikkei 225 was closed for a holiday having ended the year with a loss of 12%.