Article 50 Archives - The Industry Spread

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.

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.

Positive mood lifts Asian Indices

March 4, 2019

Asian stocks kick the week off with gains on Monday amid growing optimism about a trade deal between the US and China. Chinese stocks are the ones benefiting the most, with the Hang Seng up by 0.85 percent at 28,959 and the Shanghai Composite added 1.12 percent to 3,027. In Tokyo, the Nikkei225 gained 1.02 percent to 21,822 while Australian stocks are on a four-day winning streak, with the ASX 200 up by 0.4 percent thanks to gains across most sectors.

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