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Closing Wrap – Friday, March 6, 2020

In European Equity Markets the pan-European Stoxx 600 closed 3.6% lower, with oil and gas shares sinking 5.5% to lead losses as all sectors and major bourses slid into the red. The sector fell as OPEC and its non-OPEC allies failed to agree an output deal to offset...

Opening Wrap – Friday, March 6, 2020

In Asian Equity Markets indices fell on Friday as volatility continued to grip the markets amid investor concerns over the global coronavirus outbreak. Japanese stocks led losses as the Nikkei 225 fell 3.08%, with shares of index heavyweight and conglomerate Softbank...

Closing Wrap – Thursday, March 5, 2020

In European Equity Markets the pan-European Stoxx 600 closed around 1.4% lower. The index had earlier fallen as much as 2.8%. Basic resources and autos were among the worst performing sectors. Hellofresh was among the top gainers, jumping over 5% after JPMorgan...

Opening Wrap – Thursday, March 5, 2020

In Asian Equity Markets indices traded higher Thursday after the Dow jumped more than 1,000 points overnight stateside. Stocks in mainland China were among the biggest gainers, with the Shanghai composite up 1.4%. Hong Kong’s Hang Seng index advanced 1.17% as shares...

Closing Wrap – Wednesday, March 4, 2020

In European Equity Markets the pan-European Stoxx 600 closed over 1% higher. Utilities stocks led the gains, jumping over 3%, while travel and leisure shares bucked the trend to fall 2%. Food delivery company Hellofresh gained more than 8%, leading the Stoxx 600 after...

Opening Wrap – Wednesday, March 4, 2020

In Asian Equity Markets indices were mixed n Wednesday trade following a tumble overnight on Wall Street despite the U.S. Federal Reserve announcing an emergency rate cut. South Korea’s Kospi led gains among major Asian markets as it jumped 2.09%. Hong Kong’s Hang...

Closing Wrap – Tuesday, March 3, 2020

In European Equity Markets the pan-European Stoxx 600 index closed more than 1% higher, having earlier traded up 3% following the U.S. central bank’s decision. Most sectors ended higher, although banks bucked the trend to fall over 1%. Lufthansa led an attempted...

Opening Wrap – Tuesday, March 3, 2020

In European Equity Markets indices rose Tuesday following an overnight surge on Wall Street amid hopes central banks would potentially take action to combat the economic impact of the coronavirus outbreak. The Shanghai composite was also up 1.36%. Hong Kong’s Hang...

Closing Wrap – Monday, March 2, 2020

In European Equity Markets the pan-European Stoxx 600 closed up by 0.1%, having earlier risen as much as 2% in what was a choppy trading session. Most sectors and major bourses were in positive territory. Italian banks took a hit as shareholders balked at the...

Opening Wrap – Monday, March 2, 2020

In Asian Equity Markets indices attempted to bounce back in Monday after sharp losses last week, even though Chinese manufacturing data released over the weekend and on Monday came in much worse than expected. The Shanghai composite was about 2.9%. Hong Kong’s Hang...

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