Wraps

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  • In Asina Equity Markets Japan's Nikkei share average edged up on Friday in thin trade, extending its gains into a sixth day as optimism for the recovering economy supported the mood after the Bank of Japan's two-day policy meeting. The central bank maintained its massive stimulus programme and offered a slightly more upbeat view of the Japanese economy, as a modest rebound in consumption helped service-sector sentiment improve to a one-year high. The six-day winning streak is the longest since...

  • In European Equity Markets shares were mixed on Thursday, recovering from lows after data pointed to contrasting fortunes in major euro zone economies, with German private-sector growth slowing again in May even as France extended its timid recovery. France's CAC was up 0.2 percent after manufacturing and services sectors improved in France, making it Europe's major outperformer. The pan-European FTSEurofirst 300 index rose 0.3 percent. Germany's DAX...

  • In Asian Equity Markets Japan's Nikkei share average ended flat on Thursday after hitting a fresh 15-year high as investors took profits ahead of the Bank Of Japan's two-day policy meeting on Friday. The Nikkei 225 ended up 0.03 percent at 20,202.87, marginally higher. The index has risen for five straight days, the longest daily winning streak in three months. Asian equities mostly rose led by the Shanghai Comp (+1.1%) after the latest HSBC flash Mfg PMI saw its 3rd consecutive month of ...

  • In European Equity Markets shares rose back to near multi-year highs on Tuesday after a European Central Bank policymaker said it would front-load an asset purchase scheme aimed at boosting the euro economy. Athens stocks, which have underperformed this year due to worries over Greece's debt, also rose after the labour minister said Greece would soon conclude a deal that could unlock more loans. The pan-European FTSEurofirst 300 index closed up 1.7 percent at 1...

  • In Asian Equity Markets Japanese stocks closed at a 15-year peak on Wednesday, helped by data showing a surprisingly rapid pace of domestic economic growth in the January-March quarter. The Nikkei share average rose 0.9 percent to 20,196.56, its highest close since April 2000, while the broader Topix rose 0.6 percent to 1,643.40, its best since October 2007. Investors snatched up real estate company shares after datashowed banks' lending to the sector grew faster in the first three months of t...

  • In Asian Equity Markets Japan's Nikkei share average rebounded on Friday as worries about a U.S. interest rate hike receded, while companies announcing shareholder returns such as Dentsu Inc attracted buying. The Nikkei 225 ended 0.8 percent higher at 19,732.92. For the week, it gained 1.8 percent. The broader Topix added 1.0 percent to end at 1,607.11 and the JPX-Nikkei Index 400 advanced 1.0 percent to 14,519.77. Dentsu Inc ended up 14 percent at 6,160 yen and touched a record high of 6...

  • In Asian Equity Markets Japan's Nikkei share average rebounded on Friday as worries about a U.S. interest rate hike receded, while companies announcing shareholder returns such as Dentsu Inc attracted buying. The Nikkei 225 ended 0.8 percent higher at 19,732.92. For the week, it gained 1.8 percent. The broader Topix added 1.0 percent to end at 1,607.11 and the JPX-Nikkei Index 400 advanced 1.0 percent to 14,519.77. Dentsu Inc ended up 14 percent at 6,160 yen and touched a record high of 6...

  • In Asian Equity Markets Japan's Nikkei share average dropped to a near one-week low on Thursday as another rise in global bond yields kept the market on edge, but Konica Minolta jumped after it joined a growing list of companies announcing higher shareholder payouts. The Nikkei share average ended 1.0 percent lower to 19,570.24, the weakest closing level since May 8. The broader Topix fell 0.8 percent to 1,591.49 and the JPX-Nikkei Index 400 also dropped 0.8 percent to 14,377.97. Konica Minolt...

  • In European Equity Markets a rise in the Paris market, after strong French economic data, pushed European shares higher on Wednesday and enabled the region's equity indexes to stabilise from the effects of a bond market sell-off this week. France posted its fastest economic growth rate in two years in the first three months of 2015, although Germany slowed from its robust pace late last year, official data showed on Wednesday. The benchmark Paris CAC-40 index r...

  • In European Equity Markets stocks trade mixed following a tepid Wall Street close, with energy outperforming on the back of gains in crude prices. ASX 200 (+0.4%) after Australia lowered taxes for small businesses in the budget which sparked hopes of a spending spree. Nikkei 225 fluctuated between gains and losses with telecoms underperforming, following a miss on earnings from index heavyweight KDDI (­3%). Chinese markets saw subdued trade with market participants tentative ahead of the ...

  • In Asian Equity Markets Japanese shares ended flat on Tuesday, erasing losses from earlier in the session thanks to gains in companies reporting rosy outlooks, which helped offset concerns over Greece's debt crisis. The Nikkei share average ended flat at 19,624.84, after falling to as low as 19,467.65. Suzuki Motor soared 7.8 percent after the company said it expected a record profit in the current financial year. Australian ASX 200 rose 0.7 percent extending on gains with miners leading ...

  • In European Equity Markets stock markets were mixed on Monday, with French stocks among the worst performers after the crash of a military plane caused Airbus shares to drop. Gains by mining stocks helped to support the market after a rate cut in China, the world's biggest metals consumer. Shares in plane maker Airbus fell 2.1 percent after an Airbus A400M military transport crashed outside Seville on Saturday, killing four test crew. Britain and Germany ground...

  • In Asian Equity Markets Japanese stocks jumped on Monday to a near two-week high in heavy trade after China cut interest rates over the weekend while Wall Street gained on strong U.S. jobs data, helping offset a plunge in shares of Sharp Corp and Toshiba Corp. The Nikkei 225 ended 1.3 percent higher to 19,620.91, the highest closing price since April 28. Sharp tumbled 26 percent and was the fifth most traded stock by turnover after saying it was considering a capital reduction and preferred sh...

  • In European Equity Markets UK shares led a rebound in European equity indexes on Friday after election results showed Prime Minister David Cameron's Conservatives were set to govern Britain for another five years. Broader market sentiment was also supported by a return to calm in U.S. and European government bonds as well as U.S. data showing job growth regain stream and unemployment rate drop near seven-year lows. Man Group shares fell 2.5 percent due to conce...

  • In Asian Equity Markets Japan's Nikkei share average rose on Friday, recovering from a one-month low as a global bond sell-off paused, while Nintendo Co soared after forecasting strong profits for this fiscal year. The Nikkei 225 ended 0.5 percent higher at 19,379.19, recovering from a one-month low hit the previous day. The broader Topix rose 0.8 percent to 1,587.76 and the JPX-Nikkei Index 400 advanced 0.6 percent to 14,357.66. Nintendo jumped 7.2 percent after forecasting its operating prof...

  • In European Equity Markets shares recouped most of their daily losses to trade modestly lower on Thursday, as a selloff in government bonds eased and the euro gave up its gains against the dollar, partly helped by some estimate-beating U.S. data. Germany's DAX index, which is heavily export-oriented and benefits from a weak euro, led the recovery, trading 0.2 percent higher. Britain's FTSE 100 index fell 0.9 percent on the day of an election that could yield ...

  • In Asian Equity Markets Japan's Nikkei share average fell to a more than one-month low on Thursday as a worldwide drop in government bond prices spread unease among investors, compounded by a sell-off on Wall Street. The Nikkei 225 ended 1.2 percent lower to 19,291.99, the lowest closing level since April 1. Markets were closed in Japan from Monday to Wednesday for the Golden Week holidays. The broader Topix dropped 0.7 percent to 1,574.64 and the JPX-Nikkei Index 400 shed 0.7 percent to ...

  • In Asina Equity Markets stocks trade mixed as participants observed caution following yesterday's global equity sell­off. Nonetheless, US equity futures rose, gaining around 0.4% across the board, lifted by the overnight oil rally. Both the Hang Seng (+0.95) and Shanghai Comp (+1.4%) pared some of yesterday's sharp losses, which saw the latter post its biggest 1­day drop since Jan 19th. This was after Xinhua, China's official press agency, downplayed yesterday's liquidity and margin trading cl...

  • In European Equity Markets shares fell on Tuesday as renewed worries over Greece weighed on the region's stock markets. Athens' benchmark ATG equity index fell 4.4 percent on concern over a deadlock in Greece's attempts to make a deal with its international creditors. Greece stepped up diplomatic efforts with its euro zone partners on Tuesday to avoid running out of money this month, when it must make a big debt repayment to the International Monetary Fund (IMF...

  • In Asian Equity Markets stocks trade mixed despite a positive Wall Street close as the S&P 500 extended Friday's gains, the biggest in more than a month. Shanghai Comp (­2.8%) was the session's laggard amid liquidity concerns, with around CNY 2.34trl worth of IPO subscriptions officially opening today, as approved by the CSRC on April 23rd which will divert liquidity away from the stock market into new offerings. Hang Seng is on the back foot and trades down 0.8%. Elsewhere, the ASX 200 (+...

  • In European Equity Markets shares advanced in thin trade on Monday, boosted by better-than-expected German manufacturing data and merger and acquisition speculation about chemicals companies. Trading volume was lighter than usual on most indexes because of a public holiday in Britain, home to Europe's largest stock market and many large trading firms. Germany's Dax, up 1.5 percent at 11,630 points, outperformed its main peers after an index of manufacturing act...

  • In Asian Equity Markets Japanese stocks slipped as traders reduced their exposure ahead of Golden Week holidays in Japan and as uncertainty around corporate earnings and global economic growth sapped confidence. The Nikkei share average hit an intraday one-month low of 19,399.16, its weakest level since April 6, though it pared losses to end almost flat at 19,531.63. Shanghai Comp (+0.9%) and Hang Seng (+0.4%) both trade in the black as the poor data led to speculation the government woul...

  • In European Equity Markets a selloff in technology stocks, after disappointing numbers from Nokia, weighed on European shares on Thursday as a pan-European benchmark index marked its first monthly fall this year. However, most national euro zone indexes were in positive territory after data showed deflation had ended, persuading investors that monetary easing by the ECB was having an effect. Shares in Finland's Nokia plunged 10.7 percent after it posted quarter...

  • In Asian Equity Markets Japanese stocks slipped as traders reduced their exposure ahead of Golden Week holidays in Japan and as uncertainty around corporate earnings and global economic growth sapped confidence. The Nikkei share average hit an intraday one-month low of 19,399.16, its weakest level since April 6, though it pared losses to end almost flat at 19,531.63. The broader Topix index fell 0.5 percent to 1,585.61 with decliners outnumbering advancers by 1431 to 353 while the JPX-Nikkei I...

  • In Asian Equity Markets Japanese shares suffered their biggest loss in four months on Thursday on weak U.S. growth figures and lacklustre earnings from Japanese companies including Honda Motor. The Nikkei share average fell 2.7 percent to 19,520.21 points.Honda Motor fell 6.7 percent after it forecast only a scant 0.4 percent rise in net profit for the current financial year to March.  Shanghai Comp (­0.1%) and Hang Seng (­0.9%) also fell with declines led by financials after ICBC earning...

  • In European Equity Markets  equities suffered one of their worst days so far this year on Wednesday, pulled down by weaker-than-expected corporate results, a euro rebound and disappointing U.S. growth data. Lacklustre U.S. data propelled the euro to an eight-week high against the dollar, which in turn hurt Germany's exporter-heavy DAX index. The DAX, which reached a record high of 12,390.75 points earlier this month, fell 3.2 percent to 11,432.72 points, its wo...

  • In Asian Equity Markets Japan's Nikkei share average rose on Tuesday helped by hopes of better shareholder returns after Fanuc Corp doubled its dividend payout ratio, but gains were limited ahead of a two-day U.S. Federal Reserve's policy meeting. The Nikkei 225 ended 0.4 percent higher to 20,058.95. Elsewhere, the Shanghai Comp (­0.4%) and Hang Seng (­0.4%) fell and are now on course for their first 2­day decline in 2 months, weighed on by several poor earnings reports. The ASX 200 (­1.2...

  • In European Equity Markets stock fell on Tuesday after some weaker-than-expected corporate updates, with mining equipment group Atlas Copco and Commerzbank among the hardest hit. Commerzbank fell 5.7 percent after the German bank launched a share sale to raise 1.4 billion euros ($1.5 billion) from institutional investors to bolster its capital. Atlas Copco slumped around 9 percent after warning that demand for its mining equipment and large compressors had drop...

  • In Asian Equity Markets stocks trade mostly lower after tracking yesterday's biotech­led Wall Street losses, as the S&P 500 and Nasdaq Composite retreated off record highs. Nikkei 225 (+0.5%) was the session's outperformer lifted by upbeat corporate earnings. Japan's Nikkei share average rose on Tuesday helped by hopes of better shareholder returns after Fanuc Corp doubled its dividend payout ratio, but gains were limited ahead of a two-day U.S. Federal Reserve's policy meeting. Hang ...

  • In European Equity Markets  shares reversed early losses and closed up on Monday, with persistent concerns about Greece's debt situation offset by optimism that a reshuffled Greek negotiating team would brighten the outlook. Europe's biggest bank, HSBC, rose 3.1 percent on a report that it was weighing plans to spin off its British retail bank in a 20 billion pound ($30 billion) deal. Financials were also in focus after Deutsche Bank's biggest strategic overhau...

  • 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...