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Closing Wrap – Thursday, July 11, 2019

In European Equity Markets the pan-European Stoxx 600 fell 0.1%, cutting earlier gains. Autos stocks led the losses, with Valeo, Continental and Faurecia among the sector’s worst performers. Swiss Re has suspended the $4.1 billion IPO (initial public offering) of its...

Opening Wrap – Thursday, July 11, 2019

In Asian Equity Markets stocks moved up in early trade, with other Asia markets following, after U.S. Federal Reserve Chairman Jerome Powell signaled overnight that the U.S. central bank could be cutting interest rates soon. The Shanghai composite added 0.82%, while...

Closing Wrap – Wednesday, July 10, 2019

In European Equity Markets the pan-European Stoxx 600 fell almost 0.2% during afternoon trade, with the vast majority of sectors in negative territory. Europe’s telecoms stocks led the losses, shedding around 0.8%, with the autos and food and beverages sectors also...

Opening Wrap – Wednesday, July 10, 2019

In Asian Equity Markets indices were mostly higher in Wednesday morning. Mainland Chinese stocks were subdued in early trade, with the Shanghai composite fractionally lower. Meanwhile, the Hang Seng index in Hong Kong added 0.42%. South Korea’s Kospi advanced 0.4% as...

Closing Wrap – Tuesday, July 9, 2019

In European Equity Markets stocks traded lower Tuesday as a warning of an autos slowdown from German chemicals giant BASF dragged down autos and chemicals companies. The pan-European Stoxx 600 fell 0.6% during afternoon trade, with autos stocks shedding nearly 2% as...

Opening Wrap – Tuesday, July 9, 2019

In Asian Equity Markets indices mostly declined on Tuesday amid dampened expectations on the Fed cutting rates this month. Mainland China shares continued to fall after losses on Monday. The Shanghai composite edged down 0.16%. Hong Kong’s Hang Seng index pared some...

Closing Wrap – Monday, July 8, 2019

In European Equity Markets the pan-European Stoxx 600 fell below the flatline at the closing bell. Europe’s banking stocks led the losses, trading 1% lower after Deutsche Bank announced it would pull out of its global equities sales and trading operations, scale back...

Opening Wrap – Monday, July 8, 2019

In Asian Equity Markets indices were lower in Monday morning trade. In Japan, the Nikkei 225 slipped 0.8%, while the Topix index shed 0.56%. Over in South Korea, the Kospi decline 1.69%, as shares of industry heavyweight Samsung Electronics and SK Hynix fell more than...

Closing Wrap – Friday, July 5, 2019

In European Equity Markets the pan-European Stoxx 600 closed 0.7% lower in the end of week session, with basic resources shedding 2% while banks and retail stocks were the only sectors trading in positive territory, each up just 0.2%. The European blue chip index’s...

Opening Wrap – Friday, July 5, 2019

In Asian Equity Markets were muted on Friday morning ahead of the release of the U.S. nonfarm payrolls report. Mainland Chinese stocks were lower in early trade, with the Shanghai composite down 0.22% and the Shenzhen component largely flat. Over in Hong Kong,...

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