Brexit votes Archives - The Industry Spread

Asian Stocks Mixed, Oil Consolidates at Five Month High

April 4, 2019

Asian stocks finished mixed close to seven-month highs as reports favored the US-China trade deal, and PM Theresa May said she would seek another Brexit extension, voicing her opposition to a no-deal Brexit and called for urgent talks with Labour leader Jeremy Corbyn to break the deadlock. In Japan, the Nikkei225 main index added 0.05 percent to 21,724, the Hang Seng benchmark in Hong Kong finished 0.17 percent lower at 29,936.

RBA Keeps rates Unchanged, Oil at Five Month High, Bitcoin Rallies Above 5,000

April 2, 2019

Asian stocks finished on positive tones as investors digest better China PMI figures and progress in trade negotiations between the US and China. In Japan, the Nikkei225 main index added 0,13 percent to 21,537; the Hang Seng benchmark in Hong Kong finished 0.09 percent higher at 29,590. The Shanghai Composite outperformed for one more day, finishing 0.41 percent higher at 3,183 and in Singapore, the FTSE Straits Times index gained 0.52 percent higher at 3,267.

Post-FOMC Bearish Pressure Surrounds US Dollar

March 21, 2019

The dovish outlook from FED failed to impress Asian equities which finished mixed today as media reports suggested that progress in relation to China-US trade negotiations have been stymied with the Chinese unwilling to yield to US demands, the Hang Seng benchmark in Hong Kong finished 0.85 percent lower at 29,071. The Shanghai Composite finished 0.35 percent higher at 3,101 and in Singapore, the FTSE Straits Times index added 0.27 percent at 3,215.

Low volatility ahead of the FOMC Meeting

March 20, 2019

Asia stocks finished flat today as traders await the U.S. Federal Reserve meeting later during US session. Media reports have suggested that progress in relation to China-US trade negotiations have been stymied with the Chinese unwilling to yield to US demands. In Japan, the Nikkei225 main index added 0.20 percent to 21,608 and the Hang Seng benchmark in Hong Kong finished 0.32 percent lower at 29,368.

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.