Market News - European Open Archives - Page 20 of 26 - The Industry Spread

Global Markets Calm ahead of FOMC Meeting

March 19, 2019

Asia stocks finished almost flat today as traders awaited the U.S. Federal Reserve meeting later on Wednesday. In Japan, the Nikkei225 main index lost 0.08 percent to 21,566 and the Hang Seng benchmark in Hong Kong finished 0.19 percent higher at 29,466. The Shanghai Composite finished 0.18 percent lower at 3,090, while stocks in Australia has again seesawed in and out of negative territory, held back by losses in the Financial, IT, Healthcare and Energy sectors. Miners extended yesterday’s strong gains, buoyed by further strength in the price of iron ore. The ASX 200 closed down 5 points or 0.1% to 6,184.

Asian stocks Rallied, AUDUSD breaks above 0.71

March 18, 2019

Asia stocks advanced in the first trading day of the week as traders spy a possible light at the end of the tunnel in talks between the UK and EU and China’s suggestion of an official state visit by President Xi linked to a trade deal will see the meeting take place in late April, a delay to the much-anticipated March finish.

Global Equities Advance, Yen stabilizes at 111.70 After BoJ

March 15, 2019

Asia stocks advanced in the last trading day of the week as traders spy a possible light at the end of the tunnel in talks between the UK and EU and China’s suggestion of an official state visit by President Xi linked to a trade deal will see the meeting take place in late April, a delay to the much-anticipated March finish. In Japan, the Nikkei225 main index rose 0.77 percent to 21,450, and the Hang Seng benchmark in Hong Kong finished 0.90 percent higher at 29,109.

GBPUSD Volatility is Still the Name of the Game

March 14, 2019

Fresh Chinese worse-than-expected industrial production data which was the lowest output growth in 17 years weighed on Asian equities. In Japan, the Nikkei225 main index lost 0.02 percent to 21,287, and the Hang Seng benchmark in Hong Kong finished flat at 28,834. The Shanghai Composite shed 1.20 percent at 2,990, while stocks in Australia which had been under pressure for most of the afternoon, however, managed to claw back gains in the final hour of trade as the Financial sector improved. The ASX 200 closed up 18 points or 0.3% to 6,179.

Bulk up for another Pound Roller Coaster Today

March 13, 2019

Brexit uncertainties weighed on Asian markets, and in Japan, the Nikkei225 main index lost 0.99 percent to 21,290, and the Hang Seng benchmark in Hong Kong gave up 0.39 percent at 28,920. The Shanghai Composite shed 1.09 percent at 3,026, while stocks in Australia has extended its longest losing streak for the year, recording loses for a fourth straight day with geopolitical concerns continuing to weigh on the local market. Soft US inflation data and further Brexit uncertainties weighed on the ASX 200 as the index fell 13 points or 0.22% to close the session at 6161.2.

Sterling Soars on Positive Brexit News

March 12, 2019

Positive Brexit headlines showed that Theresa May managed to get legal assurances from EU on the on Irish backstop boosting sentiment in Asian trading.  In Japan, the Nikkei225 main index added 1.79 percent to 21,503 and the Hang Seng benchmark in Hong Kong gained 1.46 percent at 28,920. The Shanghai Composite rising 1.10 percent at 3,060, while stocks in Australia after trading in positive territory until the final minutes of the session, the ASX 200 finished 5 points lower or 0.1% to 6,174.

GBPUSD Breaks Below 1.30 as we Enter a Heavy Brexit Week

March 11, 2019

It has been a positive start to the new trading week as Asian markets recorded gains across the board — major US indices on Friday fell for five straight days. In Japan, the Nikkei225 main index added 0.47 percent to 21,125 and the Hang Seng benchmark in Hong Kong gained 0.59 percent at 28,393. The Shanghai Composite rising 0.96 percent at 2,998, while The Aussie stockmarket finished 0.40 percent lower to 6263.

ECB’s Forward Guidance Rattles FX and Stock Markets

March 8, 2019

The ECB surprised markets, unveiling a new round of loans for the Eurozone Banks and pushing back its forward guidance, something that stock markets apparently hated. The US indices recorded a fourth straight session of losses, its longest slump so far in 2019 and Asian stocks took a hit on the chin. In Japan, the Nikkei225 main index lost 2.01 percent to 21,025 and the Hang Seng benchmark in Hong Kong lost 1.91 percent at 28,228.

ECB on the Spotlight, USDCAD Breaks Higher

March 7, 2019

Asian indices finished mostly lower today following a downbeat session in Wall Street. With trade negotiations frontier quiet, traders will turn their attention to Europe and focus on the monthly decision on interest rates by the European Central Bank and data on quarterly economic growth. Stock traders will also be following news that Chinese tech company Huawei has filed a lawsuit against the US government over the ban that restricts Fed agencies from using its products.

Australia’s Economy Slowed Sharply in second half of 2018, AUDUSD Down to Two-Month Lows

March 6, 2019

Asian indices finished mostly higher today following a mute session yesterday with Chinese stocks rising sharply since January, reversing much of the underperformance against other Asian indices over the last year. With trade negotiations frontier quiet, traders have to evaluate the more positive stimulus talks from China and continuing poor economic data globally to derive next trading moves.