Wraps

Every day Alin Puian summarises the markets at open and close, London time.

You can subscribe to them and get them delivered directly to your inbox as they are published.

You have to be signed in to subscribe to the daily market wraps.

Click here to sign in.

Haven't got an account yet? Click here to register - it's FREE!

 

  • In Asian Equity Markets Japan's Nikkei share average inched up on Friday, paring earlier losses thanks to gains by banking sector shares and other large-caps, although caution ahead of a weekend Greek national vote limited overall action. Banking stocks rose across the board, lifted by a report that Sumitomo Mitsui Financial Group will create targets this fall to reduce cross-shareholdings. The Nikkei share average rose 0.1 percent to 20,539.79 after losing as much as 0.4 percent.&nbs...

  • In Asian Equity Markets Japan's Nikkei share average rose 1 percent on Thursday led by automakers, which reported strong June sales in the United States, and broadly supported by a weaker yen. The Nikkei share average ended 193.18 points higher at 20,522.50. Chinese stocks fell on Thursday in another highly volatile session even as regulators intensified efforts to put a floor under the sliding market. CSI300 index had erased much of its earlier losses, but was s...

  • In European Equity Markets shares extended gains on Wednesday after a report that Greece was ready to accept most conditions from its international creditors to clinch a debt deal. The Financial Times, citing a letter Alexis Tsipras sent to the heads of the European Commission, the IMF and the European Central Bank, reported the Greek prime minister will accept all his bailout creditors' conditions that were on the table this weekend, with only a handful of minor ...

  • In Asian Equity Markets Japanese shares gained on Wednesday after a central bank survey showed big businesses intended to increase capital spending at their fastest pace in a decade, but caution over developments in Greece limited gains. The Nikkei share average rose 0.5 percent to 20,329.32. The data was mixed from China where surveys showed sluggish factory activity but a pick up in service sector, a sign the transition to a more consumer-led economy remained on track.&nbs...

  • In European Equity Markets top share index steadied on Tuesday, a day after posting its biggest one-day percentage drop since 2011, as the European Union made a last-ditch bid to salvage a Greek bailout deal. The euro zone's blue-chip Euro STOXX 50 index was down just 0.3 percent. Both Germany's DAX and the pan-European FTSEurofirst 300 indexes fell 0.5 percent. In choppy trading, stocks opened lower and then turned positive after a report s...

  • In Asian Equity Markets Japan's Nikkei share average rebounded on Tuesday after posting its second-biggest daily drop this year in the previous session, but the market remained cautious over developments in Greece, while Sony Corp tumbled after it announced a fundraising plan. The Nikkei share average ended 0.6 percent higher at 20,235.73. Sony said it planned to raise up to 440 billion yen ($3.6 billion) by issuing new shares and convertible bonds to invest in its fast-growing im...

  • In European Equity Markets  stocks sold off on Monday, with southern European banks in particular getting pummeled, after Greece shut its banks and imposed capital controls. Investor bets that the European Central Bank would intervene to stem any prolonged market turmoil helped limit the selling during the afternoon. The blue-chip Euro STOXX 50 index was down 2.8 percent to 3,520.02 points. Eight of the 10 worst-performing stocks on the STOX...

  • In Asian Equity Markets Japan's Nikkei share average slipped to a more than a one-week low on Monday as risks of Greece defaulting on its debt repayment this week spiked dramatically, forcing Athens to impose capital controls to halt bank runs. The Nikkei share average ended 2.9 percent lower at 20,109.95, the weakest closing level since June 19. It was the biggest one-day drop since Jan. 6. Chinese stock markets showed no signs of relief on Monday after a surprise double-b...

  • In Asian Equity Markets stocks fell on Friday as Greece failed again to reach an agreement with its creditors and stumbled towards a default, while major currencies like the euro and dollar drifted in narrow ranges as the debt saga sidelined investors. Japan's Nikkei  ended down 0.3 percent. Despite household spending rising more than expected, inflation has remained flat, keeping alive expectations for more central bank stimulus later this year...

  • In European Equity Markets shares trimmed losses in late trading on Thursday as talks began in Brussels on a financing-for-reforms deal with Greece to avert a fast-approaching possible debt default. However, telecoms stocks were standout gainers as investor expectations of deal-making remained high in the wake of Vivendi's stake increase in Telecom Italia. Greece's benchmark ATG share index rose 0.5 percent. The country's banking index also rose 0.5 pe...

  • In Asian Equity Markets Japan's Nikkei share average edged lower on Thursday as negotiations to avert a Greek debt default stumbled, but underlying sentiment remained bullish a day after the benchmark hit its highest level since late 1996. The Nikkei fell 0.4 percent to 20,771.40 in the wake of falls in U.S. and European shares after Athens rejected counter-proposals from creditors. Elsewhere, Shanghai Comp. (+0.5%) bucked the trend amid outperformance in financials, after reports Chin...

  • In European Equity Markets stock markets gave back some of the gains made earlier in the week as doubts returned on Wednesday over Greece's debt crisis and French telecoms shares slumped after Bouygues rejected a bid. The pan-European FTSEurofirst 300 index fell 0.3 percent, while the euro zone's blue-chip Euro STOXX 50 index dropped 0.5 percent. Athens' benchmark ATG equity index, which had risen 15 percent in the past two days, fell 1.8 percent and t...

  • In Asian Equity Markets Japan's Nikkei share average vaulted to the highest level since 1996, ramping up the gains to around 20 percent since the start of the year thanks to signs of a pick up in economic growth, earnings optimism and hopes Greece will avoid a debt default. The Nikkei climbed 0.3 percent to 20,868.03, rising above its peak of 20,833.21 hit at the height of the dot-com bubble in 2000. ASX 200 (+0.3%) and Hang Seng (+0.2%) were led by outperformance in the energy names, ...

  • In European Equity Markets shares climbed to three-week highs on Tuesday, extending the previous session's rally on expectations that Greece was getting closer to a debt deal. Shares in Belgian supermarket group Delhaize also surged nearly 9 percent after rival Ahold said the companies were in the final stages of merger talks. Greece's ATG share index rose 6.1 percent, adding to a 9 percent jump in the previous session, while the country's benchmark ban...

  • In Asian Equity Markets Japan's Nikkei share average rose to a fresh 15-year high on Tuesday as hopes grew for progress in Greek debt talks and lifted stocks, such as banks, that had suffered recent declines. Sentiment was also boosted by a weaker yen and an outline for a strategy to boost Japan's growth potential that the government unveiled late on Monday. The Nikkei share average closed up 1.87 percent at an intraday peak of 20,809.42, its highest since 2000. Elsewhere, Shanghai Com...

  • In European Equity Markets shares climbed to their highest level in more than a week on Monday, anticipating some progress on Greece's debt crisis after months of wrangling with international creditors. The telecoms sector outperformed the broader market after a takeover bid for France's Bouygues Telecom reignited hopes for more corporate deals. Greek stocks surged 9 percent, with the local banking sector jumping nearly 21 percent. The euro ...

  • In Asian Equity Markets Japan's Nikkei share average rose to a two-week high on Monday on hopes that 11th-hour proposals from Greek Prime Minister Alexis Tsipras would appease its creditors and help avert a default. The Nikkei share average ended 1.3 percent higher at 20,428.19, the highest closing level since June 8. Chinese mainland markets were closed on Monday for a holiday, after posting their biggest weekly loss since 2008 last week. Some strategists said su...

  • In European Equity Markets  shares gained ground on Friday, helped by a rise in French telecom stocks and at steelmaker Thyssenkrupp, although concern over Greece kept a lid on the progress. The pan-European FTSEurofirst 300 index closed 0.3 percent higher at 1,529.65 points, leaving it down 0.9 percent on the week. French telecoms group Numericable rose 3.8 percent, lifted by an upbeat note from broker Kepler, while Orange progressed 0.9 percent after ...

  • In Asian Equity Markets Japanese shares prices rebounded from one-month low on Friday, taking heart from rises in global shares on the Fed's cautious rates and economic outlook, but they posted the third straight weekly decline. The Nikkei rose 0.9 percent to 20,174.24, bouncing off one-month low of 19,990.55 set on Thursday. The market showed limited reaction after the Bank of Japan maintained its policy unchanged as expected. But China shares fell heavily, tumbling more th...

  • In European Equity Markets a rise in mining shares enabled European stock markets to recover some ground on Thursday, although the Athens bourse touched three-year lows on mounting worries over Greece's debt crisis. Athens' benchmark ATG equity index touched its lowest level since late 2012, as worries intensified over a deadlock on talks between Greece and its creditors, before edging up 0.4 percent. The ATG remains down 17 percent so far in 2015. Howe...

  • In European Equity Markets stocks edged lower on Wednesday as persistent concerns over Greece's debt problems offset gains in Telecom Italia and shares in energy companies. Car parts maker Valeo dropped 4.8 percent after Credit Suisse cut its price target on the stock, while Danish medical equipment maker Coloplast retreated 3.5 percent after cutting its forecasts. However, Telecom Italia outperformed, rising 2.4 percent after sources told Reuters that...

  • In Asian Equity Markets Japanese stocks slipped to a one-week low in choppy trade on Wednesday, as jittery investors awaited the outcome of the U.S. Federal Reserve's policy meeting due later in the day. The Nikkei share average declined 0.2 percent to 20,219.27 points after dropping to 20,137.33 at one point - its lowest since June 10. The broader Topix dropped 0.4 percent to 1,633.70. Shanghai Comp fell 1.2% percent amid sustained worries of a fresh clampdown on margin financing and ...

  • In European Equity Markets shares recovered after hitting a four-month low in choppy trading on Tuesday, with analysts and traders saying that the Greece-led sell-off and a weaker euro had created some buying opportunities for investors. International Consolidated Airlines Group fell 1.5 percent after a slump at rival Air France KLM weighed on European airline stocks. Air France shares fell 3.4 percent after the company said it was dropping some routes to cut costs.&n...

  • In Asian Equity Markets Japanese stocks slipped on Tuesday as Greece teetered on the brink of a default, while investors kept a wary watch for clues on the pace of U.S. rate increases as the Federal Reserve begins a two-day policy-setting meeting later in the day. The Nikkei share average fell 0.6 percent to 20,257.94 while the broader Topix fell 0.7 percent to 1,639.86. Toyota Motor shares pared much of their losses to end 0.2 percent down after shareholders approved the automaker's c...

  • In Asian Equity Markets Japanese stocks edged up on Friday, but trading remained choppy throughout the day as investors were cautious after another turn for the worse in Greece's debt talks. The Nikkei share average ended 0.1 percent higher at 20,407.08 after moving in and out of negative territory. The broader Topix added 0.2 percent to 1,651.48 and the JPX-Nikkei Index 400 rose 0.1 percent to 14,903.36. For the week, the index fell 0.3 percent. Both the Hang Seng (+0.66%) and Shangha...

  • In Asian Equity Markets Japanese stocks rose on Thursday to snap a four-day losing streak and bouncing from three-week lows, taking heart from Wall Street's rally overnight and as Greece appeared to inch closer to reaching a cash-for-reform deal with its creditors. The Nikkei share average ended 1.7 percent higher at  20,382.97, posting the biggest percentage gain in four months. Consequently, the ASX 200 (+1.3%) and Nikkei 225 (+1.3%) trade near their best levels, with ...

  • In European Equity Markets shares snapped a six-day losing streak on Wednesday, with German equities rebounding from their lowest level since February as traders said the recent sell-off had gone too far. Stocks have taken a hit from recent wild swings in fixed-income markets. The FTSEurofirst 300 index was up 1.3 percent at 1440 GMT, with all top industry sectors in positive territory. The German DAX index was up 1.6 percent but remains dow...

  • In Asian Equity Markets Japan's Nikkei share average fell to a three-week low on Wednesday and suffered its fourth consecutive losing session as the yen surged following comments from Bank of Japan Governor Haruhiko Kuroda. The Nikkei fell 0.3 percent to 20,046.36, its lowest close since May 19, erasing earlier gains as the yen jumped after Kuroda said its effective exchange rate is unlikely to weaken further. The Shanghai Comp (­0.5%) remains the session's laggard, albeit now tr...

  • In Asian Equity Markets Japan's Nikkei share average posted its biggest loss in almost a month on Tuesday, hurt by the prospect of an early U.S. rate hike and uncertainty over whether Greece can clinch a deal with creditors and avoid default. The Nikkei fell 1.8 percent to 20,096.30, the biggest fall since May 14. For the first time this year, the index has declined three days in a row. Exporter shares were pressured as the yen bounced back from Monday's 13-year low while recent g...

  • In European Equity Markets Deutsche Bank, rose almost 4 percent on Monday on the appointment of a new CEO, but failed to offset a broader sell-off in European equities as bond yields and the euro rose. Deutsche was one of only two stocks in positive territory on the Frankfurt DAX index, which fell 1.2 percent to its lowest closing level since late February. The index has fallen more than 10 percent from all-time highs hit in April. The FTSEurofirst 300 ...

  • In Asian Equity Markets Japan's Nikkei share average ended nearly flat after trading lower on Monday following strong U.S. jobs data that stoked concerns the Federal Reserve could raise interest rates as early as September. The Nikkei 225 ended 0.02 percent lower at 20,457.19 after dropping to as low as 20,359.06, the weakest intraday level since May 25. Elsewhere, the Shanghai Comp. (+0.9%) and Hang Seng (+0.3%) rose with the former extending on 7­year highs, as participants dige...

  • In European Equity Markets shares dropped on Friday, weighed down by a slump in the Athens stock market, which slid to one-month lows after Greece delayed a debt payment. Greece's benchmark Athex General Composite (ATG) index tumbled 5 percent, briefly dipping to its lowest level since June 6, underperforming a 0.9 percent decline on the pan-European FTSEurofirst 300 index. Switzerland's Syngenta was among the worst performers on the FTSEurofirst, retr...

  • In Asian Equity Markets Japan's Nikkei share average fell on Friday as investors grew cautious before the release of U.S. jobs data later in the day that might give a clue to the timing of an increase in U.S. interest rates. The Nikkei 225 ended 0.1 percent lower at 20,460.90 points, moving away from a 15-year high of 20,655.33 hit nearly a week ago.  For the week, the index shed 0.5 percent, snapping a three-week winning streak. Shanghai Comp (­0.12%) surged to its highest l...

  • In European Equity Markets  shares pared most of their daily losses on Thursday as a rally in the euro and bond yields paused, helped by some better-than-expected U.S. economic data. Greece's benchmark ATG equity index closed 1.3 percent lower, giving back some of its gains in the previous day, as talks over the country's debt problems continued. Swiss agrochemicals group Syngenta outperformed to rise 1.8 percent after Reuters reported that German comp...

  • In Asian Equity Markets Japan's Nikkei share average eked out its first gains in three sessions on Thursday, with insurers leading the way on higher Japanese and global bond yields, though rising volatility in bond prices kept many investors cautious. The Nikkei 225 rose 0.1 percent to 20,488.19, not far from its 15-year high of 20,655.33 hit a week ago. Online retailer Rakuten dived 6.2 percent on its plan to issue new shares to raise about 188 billion yen ($1.5 billion) and to use 90...

  • In European Equity Markets shares turned flat late on Wednesday, mirroring a selloff in German bonds, after the European Central Bank raised its inflation forecasts and said it would look through any debt market volatility. Main indexes gave away early gains while the euro rose broadly and German Bund yields soared after ECB President Mario Draghi said the bank would maintain a steady policy and look through bond market volatility. Germany's DAX advance...

  • In Asian Equity Markets Japanese shares fell on Wednesday as investors booked profits from the market's longest rally in nearly three decades, with interest-rate sensitive stocks under the strongest pressure after bond yields rose globally. The Nikkei share average ended 0.3 percent lower at 20,473.51 points. The market had rallied for 12 straight sessions until Monday, its longest winning streak since 1988. Chinese stocks saw yet another volatile session, which also marked the en...

  • In European Equity Markets Greek shares fell on Tuesday on lingering uncertainty over the country's debt problems, while a rebound in the euro -- whose weakness has boosted German exporters -- pushed investors out of German stocks towards southern European bourses. Athens' benchmark ATG equity index retreated 1 percent, reflecting some investors' concerns over a lack of concrete progress in Greece's talks with its creditors. Italian, Spanish and P...

  • In Asian Equity Markets Japan's Nikkei share average snapped a 12-day winning streak on Tuesday, with traders citing profit-taking by hedge funds after the market's strong run-up. The Nikkei 225 ended 0.1 percent lower at 20,543.19 points after traversing positive and negative territory. The benchmark ended its longest winning streak since February 1988. During that run, it gained 5.1 percent, largely on hopes for better shareholder returns. The Hang Seng (­0.7%) remains firmly in...

  • In Asian Equity Markets Japan's Nikkei share average rose for a seventh day, hitting a fresh 15-year high on Monday morning, helped by ongoing optimism for higher shareholder returns and the recovering economy. The Nikkei 225 gained 0.7 percent to 20,409.05, the highest level since April 2000. SMK Corp gained 3.0 percent after saying that it would buy back up to 1 million shares, or 1.39 percent of shares outstanding, worth up to 500 million yen. Yamada Denki added 2.3 percent after th...

Trader Development

Find out more