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 gave up early gains and fell to its lowest level in more than a week on Friday, led by futures selling as hedge funds took profits from its recent rise. The Nikkei benchmark fell 1.0 percent to 19,285.63 points, the lowest closing level since March 16. It had hit a fresh, 15-year high of 19,778.60 on Monday. Exporters suffered, with Toyota Motor Corp falling 1.4 percent, Honda Motor Co dropping 1.6 percent and Nikon Corp shedding 2.5 percent...

  • In European Equity Markets  stocks fell on Thursday, extending the previous session's retreat, hurt by worries over valuation levels in growth sectors such as technology as the euro currency regained more ground. Shares in Nokia, Alcatel-Lucent, STMicroelectronics, ARM, and ASML were down 2.9 percent to 5.5 percent, mirroring a similar decline in U.S. tech shares on Wednesday. Shares in London Stock Exchange tumbled 5.9 percent after Borse Dubai, its biggest sh...

  • In Asian Equity Markets stocks dropped on Thursday as investors sold semi-conductor and other hi-tech shares after their U.S. peers were sold off sharply following soft U.S. economic data. The Nikkei fell 1.4 percent to 19,471.12, its biggest fall in 10 weeks, slipping from a 15-year high of 19.778.60 touched on Monday. Tokyo Electron 5.8 percent in reaction to the heavy losses in U.S. counterparts. Other high-tech shares also fell, with Fujitsu  shedding 3.1 percent and Sony dropping 3.3...

  • In European Equity Markets shares retreated further from 7-1/2-year highs hit last week, led lower by weaker technology stocks that slid on the back of a sell-off in their U.S. peers. The STOXX Europe 600 Technology Index fell 2.9 percent, with traders citing concerns over weak computer sales weighing on the U.S technology sector. British chipmaker ARM fell 5.9 percent while Dutch semiconductor company ASML declined by 5.2 percent. Germany's DAX equi...

  • In Asian Equity Markets Japan's Nikkei share average edged up on Wednesday as investors loaded up on stocks before they go ex-dividend later this week, but gains were limited by concerns that the market was looking technically overbought after a long rally. The Nikkei benchmark rose 0.2 percent to 19,746.20 points after traversing positive and negative territory. It was an inch away from its 15-year high closing level of 19,754.36 hit on Monday. The broader Topix gained 0.3 percent to 1,592.01...

  • In European Equity Markets shares edged up on Tuesday to hover just below a recent 7-1/2-year high, with forecast-beating business surveys from Germany and France offsetting disappointing Chinese factory data. However, Lufthansa and Airbus were down 1.9 percent and 0.9 percent respectively after an Airbus operated by Lufthansa's Germanwings budget airline crashed in France with all 148 on board feared dead. The European travel and leisure index fell 0.4 percent. 

  • In Asian Equity Markets Japan's Nikkei share average fell on Tuesday as a weak factory activity survey in China and a drop in U.S. markets weighed on investor confidence, but losses were limited by expectations of better returns for holders of Japanese shares. The Nikkei ended 0.2 percent lower at 19,713.45 points in choppy trade. It is still close to a 15-year high of 19,778.60 hit on Monday. The broader Topix dropped 0.3 percent to 1,587.59 and the JPX-Nikkei Index 400 fell 0.3 percent to 14...

  • In European Equity Markets shares slipped from multi-year highs on Monday, with car stocks hurt by a rise in the euro and lingering worries over Greece leading investors to book profits. The STOXX Europe 600 Autos Index, which has risen around 30 percent this year, underperformed. Volkswagen fell 3.4 percent while Peugeot declined 2.3 percent. Germany's DAX, which hit a record high of 12,219.05 points last week, also shed 1.2 percent to 11,895.84 points. <...

  • In Asian Equity Markets Japan's Nikkei share average rose to a fresh 15-year high on Monday, tracking gains in U.S. shares, while Eisai Co jumped 21 percent after a brokerage upgraded the stock, citing the effectiveness of its drug to treat Alzheimer's disease. The Nikkei ended 1.0 percent higher at 19,754.36 points, its highest closing level since April 2000. The broader Topix gained 0.7 percent to 1,592.25. But trading was thin, with only 1.86 billion shares changing hands, the lowest in two...

  • In European Equity Markets  stocks rallied on Friday, with euro zone shares easily outperforming again as global investors bet that a weaker euro would boost the region's economy and corporate earnings. Athens' benchmark ATG index rose 4.1 percent after Greek Prime Minister Alexis Tsipras assured European Union creditors at late-night crisis talks in Brussels that his coalition would soon present a full set of economic reforms in order to unlock cash to stave off bankrupt...

  • In Asian Equity Markets indices swung between losses and gains, with the latter on course to post its biggest weekly gain in 3­months. Heading into the European open, the Shanghai Comp gained over 1% in around 30­mins led by brokerages following a surge in trading volumes, which follows a technical break­out above the 3600 level (yesterday's highs) after an earlier failed attempt. ASX 200 (+0.10%) bucked the trend to post its best weekly performance in over a month, led by health care sto...

  • In European Equity Markets stocks paused after hitting a 7-1/2-year high on Thursday, capped by falls in Germany's Siemens and K&S due to concerns about the impact of lower commodity prices on their profits. Shares in industrial group Siemens slid 5 percent after the group Chief Executive Joe Kaeser said on Thursday he was worried that the slump in oil prices is discouraging oil-exporting countries from investing in infrastructure. Chemical firm K&S dro...

  • In Asian Equity Markets Japan's Nikkei benchmark dropped from 15-year highs on Thursday as investors took profits on recent gainers such as banking shares, which could suffer from a fall in Japanese bond yields. The Nikkei share average ended 0.4 percent lower at 19,476.56 in choppy trade. In early trade, it briefly hit a 15-year intraday high of 19,557.17. The broader Topix fell 0.4 percent to 1,575.81 and the JPX-Nikkei Index 400 dropped 0.4 percent to 14,321.48. Bucking the weakness, Ninten...

  • In European Equity Markets shares rose on Wednesday, with Standard Chartered surging on broker upgrades and Lafarge leading the construction and materials sector higher on expectations that a merger deal with Holcim could be saved. Lafarge rose 5.7 percent after sources said the cement maker was seeking to save its merger with Switzerland's Holcim and the two were discussing on a new CEO for the combined group that would see current Lafarge boss Bruno Lafont in a different rol...

  • In Asian Equity Markets stocks traded mostly higher despite a lacklustre Wall Street close with participants adopting a waitand­see stance ahead of today's FOMC rate decision. Chinese bourses outperformed amid expectations of further easing measures after February property prices fell at a record pace (New Home Prices ­5.7% Y/Y vs. Prev. ­5.1%). The Shanghai Comp (+0.9%) rose to its highest level since May'08 while the Hang Seng (+1%) climbed to its best levels in over a week. Elsewhere, the N...

  • In European Equity Markets Japan's Nikkei share average ended at a fresh 15-year closing high on Tuesday, with sentiment lifted by gains in U.S. and European shares and expectations that Japanese companies could improve their return on equity. The Nikkei share average closed at 19,437.00, up 1 percent, after rising as high as 19,479.89, its highest level since April 2000. The broader Topix rose 0.8 percent to 1,570.50 and the JPX-Nikkei Index 400 advanced 0.9 percent to 14,303.11. Elsewhe...

  • In European Equity Markets  Germany's DAX raced to new record highs on Monday as European stocks extended their recent sharp rally as investors bet the weakened euro would boost the region's economy and lift exporter earnings. The European rally also pushed up Switzerland's SMI equity index back near levels last seen in January, before a slump in that index caused by a surge in the franc. Siemens was one of the top DAX performers, rising 2.1 percent to its high...

  • In Asian Equity Markets stocks mostly rose after shrugging of a negative Wall Street close on Friday, which saw the DJIA and S&P 500 post a 3rd consecutive weekly loss. Chinese bourses led with gains after Chinese Premier Li pledged to prop up the economy if growth was at risk of breaching a lower limit. Consequently, the Shanghai Comp (+1.8%) surged to highest level since Aug'09, while gains in the Hang Seng (+0.4%) were capped by weakness across casino stocks. Elsewhere, the Nikkei 225 (...

  • In European Equity Markets  stocks slipped on Friday, taking a breather from their almost-uninterrupted rally since the start of the year, with energy and mining shares falling along with commodity prices. Resource-related stocks led the retreat as French oil major Total fell 2.7 percent and global mining company Rio Tinto dropped 1.9 percent. Shares in Eni sank 5.4 percent after the Italian energy firm cut its dividend, slashed investments and suspended its sh...

  • In Asian Equity Markets equities rose after taking the lead from a positive Wall Street close, after the S&P 500 saw its biggest gain in over a month, as expectations for a Fed rate hike were pushed back following a poor US retail sales report. Consequently, the Nikkei 225 (+1.4%) gained for a 3rd day and is on course to finish above 19,000 for the first time in almost 15yrs. Elsewhere, the Hang Seng (+0.3%) and Shanghai Comp (+0.4%) are also trading in the black, with the latter head...

  • In European Equity Markets  shares held near fresh seven-year highs hit on Thursday, weighed down by Sabadell after it made a bid for TSB, although better than expected earnings reports supported the market. Spain's Banco de Sabadell fell 6.1 percent after making a takeover bid that valued British bank TSB at around $2.6 billion. TSB rose 24 percent. Shares in German potash and salt miner K+S gained 7.6 percent and Dutch marine engineering company Boskalis adde...

  • In European Equity Markets equities rose after shrugging off a second consecutive negative Wall Street close as the greenback continued to protract further gains. Nikkei 225 (+1.3%) broke above 19,000 for the first time since 2000, with both the Hang Seng (+0.4%) and Shanghai Comp (+1.4%) trading lower, the latter lifted by financials. This was amid easing speculation following news of a proposed CNY 1trl debt swap between Chinese local governments and the MOF, which would be handled by d...

  • In European Equity Markets shares bounced back on Wednesday from a sharp sell-off in the previous session, as a drop in the value of the euro lifted stocks in the region's exporters. Telecom Italia also surged, which traders said was down to expectations of a consolidation in the domestic mobile phone sector. Germany's DAX, whose constituents include major exporters BMW and Volkswagen, touched a new record high, while the broader pa...

  • In Asian Equity Markets  stocks trade mixed following yesterday's sell­off on Wall Street, which saw US equities record their worst run in 2­months, erasing their gains for the year. Nikkei 225 (+0.3%) recovered earlier losses amid a weak JPY and as gains by health care stocks outweighed declines in energy names. Shanghai Comp (­0.1%) and Hang Seng (­0.5%) both slipped, the latter now on course for its longest decline since Sept'14, as Chinese data missed expectations. Industrial Producti...

  • In European Equity Markets shares slipped further away from a recent seven-year high on Tuesday as a sharp decline in crude oil and metals prices hit commodities stocks, although a rally in Credit Suisse capped market losses. The FTSEurofirst 300 index of top European shares was down 0.9 percent at 1,552.87 points. However, weaker energy and mining sectors dragged down the broader stock market. The STOXX Europe 600 Oil and Gas index fell 2.9 percent, the top se...

  • In Asian Equity Markets equities fell after paring earlier gains following a positive Wall Street close, as the USD surged to fresh decade highs ahead of next week's FOMC rate decision. The Nikkei 225 (­0.7%) led the way with losses as the index decoupled from moves in the JPY, with the currency falling to multi­year lows against USD. Elsewhere, the Hang Seng (­0.5%) fell to a 7­week low weighed on by casino stocks, while the Shanghai Comp (­0.1%) saw some mild profit­taking after finishi...

  • In European Equity Markets  shares fell on Monday with investors booking recent lofty gains as the European Central Bank begins its programme of bond purchases, aimed at reviving inflation and economic growth. Greek banking shares were among the biggest losers, with Bank of Piraeus down 13.8 percent and National Bank of Greece 6.3 percent lower as euro zone finance ministers met to discuss reforms pledged by Athens. Shares in European property groups also retre...

  • In Asian Equity Markets stocks fell after tracking Friday's sell­off on Wall Street following the stellar US jobs report which spurred pending Fed rate hike fears. Nikkei 225 (­1%) was further weighed on by disappointing Japanese GDP (Q/Q 0.4% vs. Exp. 0.5% (Prev. 0.6%). Hang Seng (­0.1%) and Shanghai Comp (+1%) swung between gains and losses as gains in big banks outpaced losses across brokerages after the CSRC said it may issue banks with brokerage licences. Chinese trade balance printed a r...

  • In European Equity Markets  shares rallied in late trading on Wednesday and closed just below multi-year highs, with export-oriented stocks getting a boost following a sharp decline in the euro to an 11-1/2-year low against the dollar after U.S. services data. The STOXX Europe 600 Auto and Auto Parts index rose 1.8 percent, the top sectoral gainer, helping the broader STOXX 600 index to advance 0.8 percent. Standard Chartered gained 5.1 percent after saying it ...

  • In Asian Equity Markets stocks fell following a negative Wall Street close which saw US equities post their worst day since January 30th following weak car sales, position squaring ahead of key risk events and fairly aggressive rhetoric towards Iran from Israeli President. This filtered through to the Nikkei 225 (­0.5%) which continued to pull­off its 15yr highs and is now on course for the worst 2­days in 2 months. Hang Seng (­0.3%) and Shanghai Comp (­0.2%) are lower albeit off worst le...

  • In European Equity Markets  stocks slipped off multi-year highs on Tuesday, pegged back by falls in the shares of French environment company Veolia and British bank Barclays. Veolia Environnement fell 3 percent after insurer Groupama sold a 5.1 percent stake in the company. Barclays also retreated 2.9 percent after setting aside an extra 750 million pounds ($1.15 billion) for potential fines arising from allegations of manipulation in the foreign exchange marke...

  • In Asian Equity Markets equities traded mostly lower after failing to take the onus from another record impressive Wall Street close, with both the DJIA and S&P 500 touching record highs. The Nikkei 225 (­0.2%) was unable to hold to its earlier gains amid JPY strengthening. while the Hang Seng (­0.1%) continues to struggle for direction. Elsewhere the Shanghai Comp (­1.4%) fell for the first time in 3­days, after the CSRC gave written approval to 24 companies for mainland IPOs, which would...

  • In European Equity Markets shares retreated from multi-year highs on Monday, with Greek banks slipping on lingering concerns about the country's debt and Tullow Oil falling on worries about project delays and its likely ejection from a major share index. The Greek banking index fell 9.4 percent, while lenders National Bank of Greece, Piraeus Bank and Alpha Bank fell 8.9 to 11.4 percent to feature among the top decliners. Shares in Vivendi fell 5.3 percent after...

  • In Asian Equity Markets stocks traded mostly higher as the PBoC cut its benchmark interest rate. The bank lowered its benchmark interest rate by 25bps to 5.35%, citing deflationary risk and the property market slowdown. It also lowered the 1yr deposit rate to 2.5% and lifted the ceiling on the deposit rate to 1.3x the benchmark rate. Shanghai Comp (+0.5%) and Hang Seng (+0.5%) trade in the green, despite fluctuating between losses and gains, following an initial pessimistic reaction to the cen...

  • In European Equity Markets shares edged higher on Friday, pausing after their best start to the year since regional benchmarks began in late 1986, but still supported by positive earnings reports. Shares in Airbus were up 7.5 percent after it posted a sharp rise in operating earnings, also announcing its biggest ever dividend. Bank of Ireland rose 7.2 percent after posting its first annual profit since the financial crisis, while shares in International Airline...

  • In Asian Equity Markets stocks traded mixed in today's session following a lack lustre Wall Street, most Asian equity markets remain on course to post a monthly gain, with the exception of the Shanghai Comp. Nonetheless, the Nikkei 225 (­0.11%) failed to hold on to earlier gains after crawling to a fresh 15yr high, as JPY clawed back some of its recent losses. Elsewhere, the Shanghai Comp (+0.58%) and Hang Seng (+0.56%) rose fuelled on by further speculation of continued support measures for e...

  • In European Equity Markets  share indexes climbed to new multi-year highs on Thursday, with the world's largest brewer Anheuser-Busch InBev leading the food and beverages sector higher after announcing a sharply higher dividend and a share buyback plan. Belgium-based InBev rose 3.2 percent after proposing a total dividend of 3.00 euros for 2014, a jump from 2.05 euros for 2013, and detailing a $1-billion share buyback plan. The STOXX Europe 600 Food and Beverages index ro...

  • In Asian Equity Markets stocks traded mixed following a tepid Wall Street close, with the Hang Seng (+0.8%) and Shanghai Comp (+1.4%) outperforming on speculation of further PBoC easing, after Chinese Premier Li called for more active fiscal policy. Elsewhere, the Nikkei 225 (+1.0%) posted fresh 15­yr highs underpinned by JPY weakness, while the ASX (­0.7%) declined amid a batch of poor corporate earnings reports. South Korea's Kospi inched down 0.1 percent to 1,989.83 and Australia's S&P/...

  • In European Equity Markets  shares edged lower on Wednesday as mixed corporate results halted the rally that had propelled both Britain's FTSE 100 and Germany's DAX to record highs. Shares in British engineer Weir Group featured among the top losers, down 10 percent, after it warned falling oil prices would lead to a significant reduction in its 2015 revenue in 2015. French steel pipe maker Vallourec sank 4.9 percent after sayi...

  • In Asian Equity Markets stocks traded mostly higher after taking the lead from another record Wall Street close for the DJIA and S&P 500. Nikkei 225 (­0.06%) was unable to hold on to its earlier advance after fluctuating between losses and gains, amid a strengthening JPY. Shanghai Comp (unch) and Hang Seng (+0.4%) overturned earlier losses as gains in property developer and financials mitigated a sell­off across casino stocks. This comes after a mixed Chinese F...