asian equities Archives - Page 2 of 3 - The Industry Spread

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.

Asian Equities Higher on Trade Talks Optimism

October 11, 2019

Indices and Nikkei 225 benchmark in Tokyo ended higher today as trades talks resumed in Washington on positive tones. Fed Chair Jerome Powell signalled further interest rate cuts and the resumption of bond purchases. US-China relations are set to be the key driver of sentiment over the coming days. Traders increased their bets 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.

Asian Equities Higher, Gold Consolidates Around 1,490

September 12, 2019

Asian indices finished mostly higher today as traders expect stimulus from central banks and President Trump announced a two-week delay in tariff hikes in $250 billion in Chinese imports. Traders will closely watch the release of the ECB decision later today. The Hang Seng trading 0.15 per cent lower at 27,118, the Nikkei225 in Japan is 0.98% higher at 21,811.

Asian Equities Higher, Gold Consolidates Around 1,490

September 11, 2019

Asian indices finished mostly higher today as traders expect stimulus from central banks. Traders will closely watch the release of the ECB decision this Thursday. The Hang Seng ended 1.78 per cent higher at 27,159, the Nikkei225 in Japan ended 0.96% higher at 21,597. The Shanghai Composite trading 0.41 per cent lower to 3,008, while in Singapore the FTSE Straits Times index finished 1,33 per cent higher at 3,197. The ASX 200 in Australia finished 0.36% higher at 6,638.

Asian Equities Rebound, Gold Breaks Above 1,500

August 8, 2019

Asian stocks rebound today after better trade numbers from China for the month of July and despite the recent escalation in US-China trade tensions, while USDCNH breaks above the 7 level. The Nikkei225 finished 0.50 percent higher at 20,618, the Hang Seng trading 0.59 percent higher at 26,151. The Shanghai Composite ended 1.02 percent higher to 2,797, while in Singapore the FTSE Straits Times index finished 0,44 percent lower to 3,171.

Asian Equities Lower Ahead of Fed

July 31, 2019

Asian stocks finished lower today as investors await the first interest rate cut in a decade from Fed. The Nikkei225 ended 0.86 percent lower at 21,521 as Bank of Japan left its monetary policy unchanged yesterday, as expected. The Hang Seng finished 1.31 percent lower at 27,777. The Shanghai Composite ended 0.67 percent lower to 2,932, while in Singapore the FTSE Straits Times index finished 1,49 percent lower to 3,300. Australian equities also ended lower, the ASX 200 finished 0.47% adding 0.36% to 6,812.

Asian Equities Higher Ahead of ECB Decision

July 25, 2019

Asian stocks finished higher for one more day as investors await the ECB decision later today;  U.S. trade negotiators will likely visit China next week for their first face-to-face talk with Chinese officials since the G20 meeting. The Nikkei225 ended 0.32 percent higher at 21,779, the Hang Seng finished 0.36 percent higher at 28,625. The Shanghai Composite ended 0.24 percent higher to 2,930, while in Singapore the FTSE Straits Times index finished 0.29 percent higher to 3,378.

USDNZD Consolidates at 3-Month High, Equities Looking for Direction

July 22, 2019

Asian stocks finished lower today as investors cut their expectations of an aggressive US FED rate cut by the end of the month. The Nikkei225 ended 0.24 percent lower at 21,414, the Hang Seng finished 0.68 percent lower at 28,560. The Shanghai Composite ended 0.69 percent lower to 2,904, while in Singapore the FTSE Straits Times index finished 0.59 percent higher to 3,358. Australian equities as of writing are trading 0.11 percent higher to 6707.