Justin McCurryMarkets across Asia were holding their breath on Wednesday after early hopes that the worst of this week’s turmoil could be behind them were tempered by concern that China has not done enough to stabilise its economy.A day after China’s central bank lowered interest rates in an attempt to ease the crisis, most Asia-Pacific stocks suffered minor losses, while […]
TOKYO (AP) — Asian stocks were mixed in muted Tuesday morning trade amid a lack of fresh news to buoy market sentiments following an overnight slide on Wall Street.KEEPING SCORE: Japan’s benchmark Nikkei 225 was barely unchanged, inching down 0.04 percent to 19,896.94 in the morning session. Investors were looking to sell after the index reached the psychologically key 20,000 […]
Aug. 27, 2014, 8:38 AM
The Crepes of Wrath
European markets are basically flat early Wednesday.
Here’s the scorecard:France’s CAC 40 is down 0.1%.Germany’s DAX is down 0.1%.Spain’s IBEX is up 0.2%Italy’s FTSE MIB is flat.Britain’s FTSE 100 is flat.Asian markets closed flat, with Nikkei’s 225 closing up just 0.09%.U.S. futures are up a hair, with Dow futures up 9 points and […]
Get Forex buy/sell signals directly to your email and by SMS.To learn more click hereThe Nikkei gapped higher at the open again on Tuesday, going higher in closing above the ¥15,600 level. Because of this, we feel that this market continues its march higher, heading towards the ¥16,000 level given enough time. We think that pullbacks will continue to offer […]
With the VIX smashing last week to levels not seen since early 2007, the S&P rising to all time highs, and European core and peripheral bond yield this morning touching historic lows, it would appear that the “market” has priced in every possible negative outcome. Which, as Goldman showed over the weekend is clearly not the case at least as […]
Get Forex buy/sell signals directly to your email and by SMS. To learn more click hereNikkei gapped higher at the open on Thursday, showing a massive amount of bullishness as buyer stepped in. We believe now that a move above the 14,500 level census market much higher, and that’s what we believe will happen given enough time. With that, we […]
After trading well above the Dow at last year’s peak (and equal with it at 2013 year-end), the Nikkei 225 is now almost 2000 points below the level of the Dow – a 13-month low. Trading not far off the EM-crisis lows of January, Japanese stocks are fading as JPY can’t sustain any offer and carry-trades are unwound. Not helped […]
by Stuart BurnsGlobal equity markets have slumped, risk capital has been repatriated to the U.S. and commodity prices have retrenched. Is 2014 going to be a reverse of 2013, when the S&P 500 rose by 30% and Japan’s Nikkei by 57%, while metal prices fell in the first quarter and then languished rangebound for the rest? Since January, more than […]
REUTERS/Christinne MuschiBank of Canada governor Stephen Poloz.Stock markets around the world are heading higher again.
In Asia, the Japanese Nikkei and the Hong Kong Hang Seng both closed up 0.2%, while the Shanghai Composite advanced 2.2%.In Europe, markets are rising across the board, led by Italy’s FTSE MIB, up 0.7%.In the United States, futures point to an unchanged open.Today is another […]
Get Forex buy/sell signals directly to your email and by SMS. To learn more click hereThe Nikkei broke above the ¥16,000 level during the week, closing at the ¥16,178 level. This market has broken out, and now has cleared the last vestiges of resistance in order to continue going much higher in our opinion. In fact, we believe this market […]