A positive end to the trading week in New York saw the Dow Jones Industrial Average move to yet another record closing high at 23,328.63, up over 165 points on the day. Overnight in Asian trading the Nikkei225 added 239
Everything this morning pointed to another lacklustre start to the trading day. Whilst markets all meander to increasingly higher highs, we lack any real sense of direction. Indices are higher but there is a real lack of convincing momentum.
A public holiday in the U.S. today will keep trading volumes lighter than usual. Overnight the Nikkei225 and Hang Send indices had differing fortunes with the Nikkei225 advancing by just over 62 points whilst the Hang Seng drifted 131 points
Indices are significantly stronger this morning, following stronger closes to the DOW (+24), FTSE (+22) and DAX (+57) on Friday. The trend continued overnight in Asia with the Nikkei225 closing 44 points higher on the cusp of 20,400 and the
Markets in Asian trading were mixed overnight. The overall tone was negative with the Hang Seng down over 300 points for most of the day, closing down 381 points. The Nikkei225 bucked this trend by gaining slightly over 100 points
With the Nikkei225 and Hang Seng gaining over 250 points overnight, a much stronger start to the European opening is expected. At present the FTSE and DAX are called 26 and 75 points higher respectively.
National Day in North Korea
Tension in North Korea is back and firmly on the Global Agenda. Markets have reacted in time honoured fashion after futures prices gapped lower on all major indices and Gold gapped higher in trading first thing this morning.
As the Jackson Hole Symposium closed last week, it was what the two main Central Bankers didn’t say that moved the markets rather than what they did so. Specific monetary policy was kept largely off the table and bar reaffirming
After all three major indices fell in the U.S. on Friday, the Asian markets returned mixed results overnight. The Nikkei225 fell by 77 points whilst the Hang Seng managed to add 107 points by the close, although this was off
European Markets have started the week significantly higher, buoyed by a perceived reduction in the tension that was developing late last week between North Korea and the United States. By no stretch of the imagination has the tension gone away