asian equities Archives - The Industry Spread

Equities Consolidate Post Profit Booking Amidst Trade Deal Uncertainties

November 9, 2019

The global equity market is seeing a slide in the price of major indices and stocks as traders took to profit booking activity on last trading session of the week. Further, uncertainties influenced by comments from US officials stating that no specific agreement for the phased rollback of tariff on Chinese goods has been prepared yet regardless of recent headlines took the wind out of market bulls causing risk appetite to die down overnight. However, expectations for further comments from US/China to mitigate the bearish cues have kept risk assets consolidating within a familiar price range.

Equities Continue Higher, Gold Retreats

November 7, 2019

Asian equity indices ended mixed today after the meeting between U.S. President Trump and Chinese President Xi Jinping to sign an interim deal could be delayed until December as discussions continue over terms.

Gold Drops Below $1,500, Asian Equities Mixed

November 6, 2019

Asian equity indices ended mixed today on upbeat earnings results, and improved sentiment as investors digest the 25 basis point to 1.50%-1.75% from Fed. Yesterday, the US ISM Non-Manufacturing PMI registered at 54.7 topping expectations of 53.5 in October and despite JOLTS Job Openings came in at 7.024M below expectations of 7.028M in September.

Equities Rally Continues, Bitcoin Price in Bullish Momentum

November 5, 2019

Asian equity indices ended higher today on improved sentiment as investors digest the 25 basis point to 1.50%-1.75% from the Fed. U.S. The non-farm payrolls rose by better than expected 128,000 for October compared to expectations for an increase of 89,000. GDP for Q3 expanded at a 1.9%, slowing from 2% in the Q2 but came in above market forecasts for growth of 1.6%. 

Asian Equities Higher, Gold Consolidates Above $1,500 

November 4, 2019

Asian equity indices ended higher today, mirroring Wall Street Friday’s gains as investors digest the 25 basis point to 1.50%-1.75% from the Fed. The U.S non-farm payrolls rose by better than expected 128,000 for October compared to expectations for an increase of 89,000. GDP for Q3 expanded at a 1.9%, slowing from 2% in the Q2 but came in above market forecasts for growth of 1.6%. 

Asian Equities Higher, Bitcoin Higher at 9,400

October 28, 2019

Asian equity indices ended higher during the first trading session of the day as traders increased their bets that the Fed will cut interest rates by 25 bp at its next meeting later this week to protect the economy from slowing growth and the effects of the trade tensions. Markets are pricing a 93.5% chance of a 25 bps interest rate cut to a 1.50%-1.75% range from the current 1.75%-2%.

Asian Equities Higher Ahead of ECB Decision

October 24, 2019

Asian equity indices ended mostly higher today ahead of the ECB meeting later today and while investors await that the Fed will cut interest rates by 25 bps next week. Investors increased their bets the Fed will cut interest rates by 25 bp at its next meeting on October to protect the economy from slowing growth and the effects of the trade tensions.

Asian Equities Higher, GBPUSD Retreats from Three-Month Highs

October 14, 2019

Traders increased their bets that the Fed will slash interest rates at its next meeting on October to protect the economy from slowing growth and the effects of the trade tensions. The Hang Seng index is trading 0.81% higher 26,521. The Shanghai Composite is 1.15% higher at 3,007, while in Singapore, the FTSE Straits Times is 0.30% higher at 3,123. The ASX 200 in Australia ended 0.54% higher at 6,642.