European Open Market Briefing – 31/10/2017 – by Arjun Lakhanpal

October 31, 2017 by savi-admin In Asian Equity Markets Japan’s Nikkei index fell on Tuesday, taking its cue from losses on Wall Street after a report that U.S. lawmakers are discussing more gradual corporate tax cuts rather than reducing it more aggressively. The Nikkei was down 0.4 percent at 21,933.52 at the end of morning trading. The broader Topix fell 0.4 percent… View Article

Morning Update – 31/10/2017 – by Arjun Lakhanpal

October 31, 2017 by savi-admin Morning all.. Wall St fell as talk of a slower incremental move lower in corporate tax cuts disappointed many and the S&P fell 0.32%. This also took US yields lower and the dollar. However, in Asia the Nikkei managed to rally back to unchanged as the BoJ left policy unchanged. USDJPY hovered near the lows… View Article

European Close Market Briefing – 30/10/2017 – by Arjun Lakhanpal

October 30, 2017 by savi-admin In European Equity Markets Spanish equities rebounded on Monday, reassured by weekend demonstrations for a unified Spain and a poll lead for parties opposed to Catalan independence. Spain’s IBEX benchmark outperformed a 0.1-percent gain for the pan-European STOXX 600 index, rising 2.4 percent led by Caixabank and Banco de Sabadell, which both jumped more than 4 percent. Spain’s Bankia gained 2.2 percent… View Article

European Open Market Briefing – 30/10/2017 – by Arjun Lakhanpal

October 30, 2017 by savi-admin In Asian Equity Markets Japan’s Nikkei index edged down in choppy trade on Monday morning as falls in financials countered gains in Apple suppliers after shares in the iPhone maker rose on Friday. In mid-morning trade, the Nikkei fell 0.1 percent to 21,979.66, after hitting a fresh 21-year high of 22,086.88 earlier. The broader Topix fell 0.2… View Article

Morning Update – 30/10/2017 – by Arjun Lakhanpal

October 30, 2017 by savi-admin Morning all.. Wall St had another decent close led by tech and banks with the S&P closing up 0.8% and the Nasdaq up 2.2%. The Dow lagged closing up just 0.14% after strong earnings from tech firms driving the Nasdaq and talk of Trump leaning towards Powell, who is keen on de-regulation, which saw banks… View Article

European Close Market Briefing – 27/10/2017 – by Arjun Lakhanpal

October 29, 2017 by savi-admin In European Equity Markets shares reached a five-month high overall on Friday, but Spanish stocks fell after Catalonia’s parliament declared independence. Spain’s IBEX fell 1.5 percent, making it the worst-performing major index, and the IBEX banking index fell 2.4 percent. The pan-European STOXX 600 index closed up 0.6 percent. Germany’s export-oriented DAX index rose 0.6 percent to a record high…. View Article

Morning Update – 27/10/2017 – by Arjun Lakhanpal

October 27, 2017 by savi-admin Morning all Wall St reversed the losses of the previous session and the S&P closed up 0.13% and the Dow up 0.3%. In Asia we saw another solid close in Nikkei; closing up an impressive 1.15% as USDJPY retook 114.00. The dollar climbed to a three-month high as earnings and congressional action on tax reform… View Article

European Open Market Briefing – 27/10/2017 – by Arjun Lakhanpal

October 27, 2017 by savi-admin In Asian Equity Markets Japan’s Nikkei index rose 1 percent to a 21-year high on Friday, led by banking shares as U.S. yields remained high and by tech shares after their U.S. counterparts posted strong earnings. The Nikkei rose 0.9 percent to 21,937.82 points by midmorning, after hitting as high as 21,968.75, its strongest level since… View Article