Nikolas Papas, Author at The Industry Spread - Page 23 of 34
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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Equities Under Pressure on China–US Trade War Escalation

May 13, 2019

The Nikkei225 lost 0.86 percent to 21,163, and the Hang Seng benchmark in Hong Kong finished 0.84 percent higher at 28,550. The Shanghai Composite lost more than 1 percent to 2,905 while in Singapore, the FTSE Straits Times index finished 1.20 percent lower at 3,234. Australian stocks slipped 13 points or 0.2% to 6,297, snapping a two-session winning streak.

Bitcoin Shines, China prepares Countermeasures

May 10, 2019

Asian markets finished mostly higher today despite the fact that the USA has officially today increased the tariff rate from 10% to 25% on $200 billion of imports from China while the Chinese government released a statement, saying it “deeply regrets that it will have to take necessary countermeasures.”

Asian Equities Down, USDJPY Trades Below 110.00

May 9, 2019

Asian markets were under selling pressure for one more day following negative signs on Wall Street overnight after comments by the US President Trump on trade, citing that “China broke the deal” on the trade talks that sparked worries about a breakdown of trade talks between China and the US.

Kiwi Tumbles below 0.66 as RBNZ Cut Interest Rates

May 8, 2019

Asian markets were under selling pressure today following a sell-off on Wall Street overnight sparked by ongoing worries about a breakdown of trade talks between China and the US. The Nikkei225 opened with a gap lower today and lost 1.46 percent to 21,602, and the Hang Seng benchmark in Hong Kong finished 0.93 percent lower at 29,091. The Shanghai Composite lost 0.64 percent to 2,906, while in Singapore, the FTSE Straits Times index finished 0.97 percent lower at 3,280.

Stock Markets Rebound, AUDUSD Outperforms

May 7, 2019

Asian markets rebound today after yesterday’s plunge as traders keep an eye around the US-China trade developments after US President Trump threatened to more than double tariffs on US$200bn in Chinese imports from 10 percent to 25 percent. The Nikkei225 lost 1.51 percent to 21,923 as it reopens after the 10-day break.

Asian markets slump on threats of increased tariffs on China

May 6, 2019

Asian markets plunge today after US President Trump threatened to more than double tariffs of US$200bn on Chinese imports from 10 percent to 25 percent. The Wall Street Journal reported that China considers canceling the trade talks scheduled for this week following Trump’s tweets.

AUDUSD at 4 month low on Worst Building Permits

May 3, 2019

Asian markets closed higher today in thin volumes as investors are awaiting the key US jobs figures. The Hang Seng benchmark in Hong Kong finished 0.29 percent higher at 30,027. The Shanghai Composite added 0.52 percent higher at 3,078, while in Singapore, the FTSE Straits Times index finished 0.02 percent higher at 3,393.

Gold Trades at 1270 after Dovish Fed

May 2, 2019

Asian markets closed higher after Federal Reserve struck a hawkish tone at its latest meeting. The Hang Seng benchmark in Hong Kong finished 0.60 percent higher at 29,879. The Shanghai Composite added 0.32 percent higher at 3,078, while in Singapore, the FTSE Straits Times index finished 0.61 percent lower at 3,380.

EUR and GBP Breaks Higher on Better Eurozone Figures

May 1, 2019

With most Asian markets closed on Wednesday, New Zealand equities fell, and Australian equities rebounded from a two-session slump, kicking off May in positive territory. The benchmark ASX200 Index was boosted by a rally in the financial sector, while the energy and mining stocks reclaimed some recent losses.

China’s manufacturing activity figures disappoints, Brexit front returns

April 30, 2019

Asian stocks finished mostly lower today after China’s manufacturing activity failed to meet expectations and U.S.-China trade talks resume. The Hang Seng benchmark in Hong Kong finished 0.66 percent lower at 29,697. Japanese markets are closed. The Shanghai Composite finished 0.37 percent higher at 3,073 and in Singapore, the FTSE Straits Times index finished 0.33 percent lower at 3,395.