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Opening Wrap – Monday, July 15, 2019

In Asian Equity Markets Chinese stocks recovered from an earlier slip to rise by the afternoon on Monday, following the release of GDP data that showed the Chinese economy growing at its slowest pace in at least 27 years. The Shanghai composite added 0.76%, while Hong...

Closing Wrap – Friday, July 12, 2019

In European Equity Markets the pan-European Stoxx 600 was in positive territory at the closing bell, chemicals stocks leading the gains with a 1.2% climb while autos recovered from an early fall to trade 0.8% higher. Health care was the worst performing sector,...

Opening Wrap – Friday, July 12, 2019

In Asian Equity Markets stocks were mixed in Friday morning trade. Mainland Chinese stocks were lower in early trade, with the Shanghai composite down 0.2%, while Hong Kong’s Hang Seng index was slightly lower. Elsewhere, the Nikkei 225 in Japan traded down by 0.1%,...

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...

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