Showing 2894 Results for 2018
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Showing 2894 Results for 2018
Search instead for 2018
April 18, 2018
Wall Streets euphoria spilled-over into Asia with many markets making gains. The one outsider today was the SENSEX which closed marginally lower -0.2%, breaking its recent winning streak. We continue to see the INR trade weaker against the dollar and now is heading for levels not seen since late September 2017. The majority of the […]
April 17, 2018
Again we saw Chinese equity markets suffer even after the better than forecast trade data. The 6.8% release was better than the 6.7% expected but, because March slowed compared to Jan and February this hit confidence in afternoon trading. The morning session had seen positive prints but could not hold the prices in late trading. […]
April 16, 2018
The main talking point in Asian trade today was the Hong Kong Dollar seeing another test of its upper band (7.85). The currency has been pegged between 7.75 and 7.85 since 1983 and has remained within that range since 1985. Today was the fifth time in three trading days that the HKMA (Hong Kong Monetary […]
April 13, 2018
Asia has been predominantly better bid but for the Shanghai index. Here we saw values drift in afternoon trading to close on its low (-0.6%). Trade numbers were surprisingly poor for China posting a near $5bn deficit. The Hang Seng dipped with it, but to be fair was plus or minus small all day. The […]
April 12, 2018
The SENSEX was the star performer in Asia today against what looked like a sea of red boards. The SENSEX closed up over +0.5% on the day completing its sixth positive close in a row. Optimism buoyed the market ahead of industrial production and inflation data releases. Solid earnings optimism is supporting prices with good […]
April 11, 2018
The US did lose around a third of its gains in the final hour of trading Tuesday, but it still closed strong. It was that confidence that carried some of the markets in Asia forward but there were some that were not convinced. The Australian ASX, SENSEX and Nikkei looked hesitant and took time to […]
April 10, 2018
Todays comments from China president, Xi Jinping that China was willing to open its markets, soon lent equities a helping hand. From a lower core opening, it was not long before all started to move from strength to strength. Shanghai and the Hang Seng reacted most to the speech and saw returns of around 1.75% […]
April 9, 2018
A very encouraging start to the week especially given the declines seen in the US late on Friday. Many were concerned Asia would continue the US wobble, which were the preliminary moves for Shanghai, Nikkei and ASX. However, after the initial moves were rejected most moved to recover early losses. The Hang Seng was the […]
April 6, 2018
We saw a mixed session in Asia as market again reflect headline after headline. The Chinese markets played catch-up, after their national holiday yesterday and that resulted in a 1.1% rally for the Hang Seng much of which were financials performing. The Yen remains weak even after poor US employment numbers. Net-net was a dull […]
April 5, 2018
PRIVATE BLOG – The Dow for the Close of the Week of April 2nd, 2018