Wraps

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  • In Asian Equity Markets equities mostly rose led by Chinese bourses with both Shanghai Comp (+1.87%) and Hang Seng (+1.3%) extending last week's gains to touch fresh 7yr highs. The latter was lifted by financials after HSBC (+5%) surged on news of a planned GBP 20bln spin­off. Talk also did the rounds overnight that the PBoC could consider a QE programme, although a PBoC economist has stated that China does not need strong stimulus. ASX 200 (+0.7%) neared 6,000 amid strength in miners with iro...

  • In European Equity Markets  shares rose on Friday, boosted by encouraging corporate earnings and upbeat economic data, while prospects for a deal over Greece's debt crisis also lifted Athens' volatile market. The FTSEurofirst 300 was up 0.2 percent going into the middle of the trading session. The index reversed most of the previous session's drop and was 1.8 percent below last week's near 15-year peak. Germany's DAX advanced 0.3 percent. Swedish hom...

  • In Asian Equity Markets stocks trade mostly lower after failing to take the lead from a strong Wall Street close, which saw the S&P 500 and Nasdaq Comp record all­time highs. Both the Hang Seng (-­0.7%) and Shanghai Comp. (-­0.5%) trade lower as the CSRC approved 25 new IPOs, and amid rumours of a stamp tax hike on stocks to curb down the recent rally, which were later denied by a regulator. The Nikkei 225 (-­0.8%) also fell, snapping its 4­day winning streak, weighed on by a strong JPY. F...

  • In Asian Equity Markets stocks mostly rose led by the Nikkei 225 up 1.1 percent after touching a fresh 15 yearr high, as Japan logged its first surplus since Jun'12 at 229.3bln vs. Exp. 44.6bln (Prev. ­424.6bln), the highest since Sept'11. Shanghai Comp gained 2.1 percent posting yet another fresh 7 year high while the Hang Seng inched up 0.5 percent  along after yesterday's 2.7 percent gain. This comes amid reports that Chinese regulators said to be studying a potential Shanghai­-Taiwan ...

  • In Asian Equity Markets stocks mostly rose led by energy stocks following yesterday's rally across the energy complex. Shanghai Comp (+2.0%) outperformed after peaking near its 7yr highs, as yesterday's declines and continued easing speculation triggered a round of fresh buying. Hang Seng (+0.3%) also rose after erasing earlier losses bolstered by a rally across railway stocks. Nikkei 225 (­0.4%) was the session's laggard weighed on by a strong JPY, strengthening the most this month again...

  • In European Equity Markets shares powered to their highest level since 2000 on Friday, helped by further declines in an already weak euro that is seen supporting an economic recovery and boosting corporate profits. The FTSEurofirst 300 index of top European shares closed 0.9 percent higher at 1,645.25 points, surpassing its 2007 peak and taking its gains so far this year to 20 percent. Germany's DAX index and Britain's FTSE 100 index both hit all time-highs whi...

  • In Asian Equity Markets Japan's Nikkei share average topped the psychological 20,000-point mark on Friday for the first time in 15 years on hopes of stronger corporate earnings, and gained 2.4 percent on the week. The Nikkei rose as high as 20,006 before ending down 0.2 percent at 19,907.63. Fast Retailing, the operator of Uniqlo casual clothing chain, rose 2.5 percent after it raised its guidance for the year ending in August. Ryohin Keikaku shot up 11.7 percent after the  operator ...

  • In European Equity Markets  shares rose to their highest since July 2007 on Thursday on the prospect of more corporate deals, as well as figures showing a strong recovery in Europe's auto sector and robust German data. The pan-European FTSEurofirst 300 index provisionally closed up 1 percent to 1,628.46 points, hitting its highest level since July 2007 and taking its gains so far this year to 19 percent. Lafarge and Holcim rose 5.5 percent and 3.6 percent respe...

  • In Asian Equity Markets stocks mostly rose following a positive Wall Street close with Chinese bourses once again firmly at the forefront of today's price action. A frenzy of buying saw the Hang Seng (+2.8%) jump to its highest level since 2007, gaining as much as 6.4%, with volume turnover on the Index ~400% above the 30­day average. In contrast, despite opening above the 4,000 level for the first time since 2008, the Shanghai Comp (­1.2%) fell led by technology stocks, with the tech ind...

  • In European Equity Markets energy shares outperformed other sectors on Wednesday after Royal Dutch Shell's $70 billion bid for BG sparked a rally. The STOXX Europe 600 Oil & Gas Index, hammered over the past year as oil prices tumbled, closed up 2.5 percent to outperform the pan-European FTSEurofirst 300 index which ended flat at 1,611.68 points. BG shares jumped 26.7 percent, Tullow Oil climbed 4.4 percent and BP gained 0.5 percent. Royal Dutch Shell fell 5.3 p...

  • In Asian Equity Markets Tokyo's benchmark index hit a 15-year high on Wednesday after Japanese retail investors ploughed a sizable amount of cash into new stock mutual funds and as regional bourses appeared to benefit from rotation of funds out of U.S. equities. Retailers and other domestic-demand oriented shares led the gains, with department store operator Takashimaya erasing earlier losses to gain sharply despite reporting modest earnings. The Nikkei rose 0.8 percent to 19,789.81, closing a...

  • In European Equity Markets shares rose on Tuesday as FedEx's 4.4 billion euro ($4.8 billion) bid for Dutch package delivery firm TNT Express prompted a rally in the shares of other postal companies. The mood was further brightened by data showing manufacturing activity across the euro zone accelerated faster than previously thought last month, adding to signs the bloc's economy is recovering. TNT stock jumped 28.9 percent, while PostNL -- TNT's largest sharehol...

  • In Asian Equity Markets stocks rose after taking the impetus from a positive Wall Street close, which saw US equity futures recover all of Friday's post­ NFP inspired losses. Nikkei 225 (+1.2%) led the way higher underpinned by a weak JPY amid improved risk appetite, with sentiment further lifted by the biggest oil rally in 2­months. Energy shares contributed to the gains after a surge in crude oil prices on Monday. Shanghai Comp (+1.11%) touched a fresh 7yr high in an extension of last w...

  • In European Equity Markets shares dipped on Thursday, trading in a tight range ahead of the Easter break, with Greece still at the forefront of investors' minds after its lenders said Athens needed to do more to unlock financial aid. Greece's Athex index was down 0.2 percent, building on a 1.3 percent fall on the previous day. Greek banks fell 1.8 percent. The FTSEurofirst 300 index of top European shares was down 0.2 percent at 1,586.15 points. Marks & Spencer rose 5.2 perc...

  • In Asian Equity Markets stocks rose after shrugging off yesterday's negative Wall Street close, led by the Nikkei 225 (+1.9%) after tracking back all of yesterday's declines. Furthermore, sentiment was lifted by prospects of further easing from the BoJ, after the second­part of the central bank's Tankan survey showed that large companies see inflation at 1.6% in 5yrs, well off the BoJ's around end­FY15 2% target. Elsewhere, both the Hang Seng (+0.4%) and Shanghai Comp (+0.2%) trade in the...

  • In European Equity Markets shares started the quarter with gains on Wednesday, after data showed manufacturing activity across the euro zone accelerated faster than previously estimated last month. The bullish PMI readings helped Spain's IBEX rise 0.6 percent and Italy's FTSE MIB gain 1 percent. Each touched its highest level since 2010. Banks were the biggest winners, with the STOXX Europe 600 banks sub-index up 1.1 percent. Spanish banks Popular , Banco de Sa...

  • In Asian Equity Markets stocks mostly fell with the exception of Chinese bourses, following a negative Wall Street close which saw the DJIA post its first quarterly decline for 2yrs. The Nikkei 225 (­0.8%) led the rout after breaking below the psychological 19,000 level, following a disappointing BoJ Tankan survey, with saw capex expectation at the lowest since Q1' 2013. This prompted a sharp technical­led slump across US index futures which saw both the S&P 500 (­0.8%) and DJIA (­0.8...

  • In European Equity Markets shares fell on Tuesday, taking a breather from their sharp rally of the past three months triggered by the drop in the euro, with Germany's DAX index set to record its biggest first quarter gain since its creation in 1988. As the quarter draws to an end, the DAX is up 22 percent, while the FTSEurofirst 300 index of top European shares is up 16 percent, strongly outpacing Wall Street where the S&P 500 is up 0.8 percent since the start of the ...

  • In Asian Equity Markets stocks rose after enduring a volatile trading session, with sentiment underpinned by a positive Wall Street close which saw the DJIA record its biggest gain in 8­weeks buoyed by M&A activity. The Nikkei 225 (­0.3%) fluctuated between gains and losses ahead of today's month/year/quarter end, with volumes particularly scant (42% of the 3­month average). Similar price action was observed across the Shanghai Comp (+0.1%) amid profit taking, after opening at a 7yr h...

  • In European Equity Markets stocks rose on Monday, bouncing back from last week's losses with tech shares rallying after merger talks in the sector spurred a late-session rally on Wall Street on Friday. Shares in European technology stocks such as Infineon, STMicroelectronics and ASML were all up between 2-3 percent on Monday. The pan-European FTSEurofirst 300 index rose 0.9 percent to 1,592.07 points. Germany's DAX also rose 1.4 percent to 12,034.12 ...

  • In Asian Equity Markets  stocks mostly rose led higher by Chinese equities after PBoC Governor hinted at more easing and as details emerged over China's Silk Road economic belt plans which will help boost infrastructure in the country. Hang Seng (+1.35%) rose the most for the year while the Shanghai Comp (+1.30%) touched its highest level since May'08. Nikkei 225 (+0.53%) shrugged off poor Japanese IP data, which fell most since June'14, while the ASX 200 (­1.35%) was the session's laggar...

  • 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...