Wraps

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Opening Wrap – Friday May 17, 2019

In Asian Equity Markets indices mostly higher in Friday morning trade. The Nikkei 225 in Japan added 1.15% in morning trade, while the Topix index rose 1.1% as most sectors gained. Shares of Sony jumped more than 8% after the company announced a $1.83 billion share...

Closing Wrap – Thursday May 16, 2019

In European Equity Markets the STOXX 600 closed up by around 1.2%, Chemicals leading the gains with a 2.54% climb, while autos struggled to make headway, falling 0.6%. Thyssenkrupp was the strongest performer, its stock rising 10.03% on reports that Finland’s Kone is...

Opening Wrap – Thursday May 16, 2019

In Asian Equity Markets indices were down in Thursday morning trade, as the U.S. takes aim at China’s Huawei again, heating up trade tensions further. Mainland Chinese shares declined in early trade, with the Shanghai composite falling around 0.3% and the Shenzhen...

Closing Wrap – Wednesday May 15, 2019

In European Equity Markets the pan-European STOXX 600 closed 0.39% up. Autos jumped 2.02 percent higher after initially being the weakest sector. Dutch bank ABN Amro reported a 20% decline in first-quarter net profit to 478 million euros ($536 million). Its stock...

Opening Wrap – Wednesday May 15, 2019

In Asian Equity Markets stocks traded near a 3-1/2-month low on Wednesday morning on lingering concerns over the economic impact of a U.S.-China trade war. The Nikkei 225 in Japan fell 0.11% in early trade, as shares of index heavyweight Fast Retailing fell 0.44%. The...

Closing Wrap – Tuesday May 14, 2019

In European Equity Markets the pan-European STOXX 600 closed up 0.91% in trade. Sector wise, basic resources and tech led gains, rising 1.74% and 1.8%. Shares of Bayer fell 2%, after a California jury hit the German pharmaceutical giant with a $2 billion punitive...

Opening Wrap – Tuesday May 14, 2019

In Asian Equity Markets indices fell on Tuesday morning as tensions between the United States and China intensified after Beijing decided to raise tariffs on some American goods. Hong Kong’s Hang Seng index fell nearly 2% as shares of Chinese tech giant Tencent fell...

Closing Wrap – Monday May 11, 2019

In European Equity Markets the pan-European STOXX 600 closed provisionally down 1.2%. Autos and basic resources stocks were the worst performers. E.On and Centrica were the two notable companies reporting earnings on Monday. Britain’s largest energy supplier Centrica...

Opening Wrap – Monday May 11, 2019

In Asian Equity Markets mainland Chinese shares declined in early trade on Monday amid uncertainty on the U.S.-China trade front, after tariffs on Chinese goods were raised last Friday. The Shanghai composite fell more than 1%. The Nikkei 225 in Japan declined 0.56%...

Closing Wrap – Friday May 10, 2019

In European Equity Markets the pan-European STOXX 600 climbed 0.6%, with the German DAX index rising by 1%. Most sectors were in positive territory, with only the autos sector, with its heavy exposure to China, edging below the flatline. Looking at individual stocks,...

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