Market News - European Open Archives - Page 25 of 28 - The Industry Spread

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.

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.