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Analytics
17 December 2020
Stock markets enjoy the rally amid investor optimism
Asian equities climbed to fresh record highs on Thursday, as monetary support and expectations of fiscal stimulus in the United States put investors in an upbeat mood. Also, while the Fed delivered dovish commentary, saying it would continue to buy bonds until further progress has been made toward the maximum employment and price stability goals. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.3% to touch an all-time high. Elsewhere, better-than-expected jobs market data in Australia pushed the S&P/ASX 200 higher by 1.16% while South Korea’s Kospi bucked the trend and closed 0.05% lower.
15 December 2020
Equities marginally higher, oil struggles for direction
Asian equities fell across the board as fresh economic data out of China failed to impress market players as retail sales, industrial output, and investments in factory equipment recovered in line with expectations in November. As such, the Shanghai Composite index declined 0.06%, Hong Kong’s Hang Seng lost 0.6% while Australia’s S&P/ASX 200 shed 0.3%. Japan’s Nikkei 225 gave up 0.17% after Prime Minister Yoshihide Suga announced a suspension of a travel promotion program that has triggered a resurgence of coronavirus outbreaks.
09 December 2020
Dollar losing appeal as a safe-haven asset
Asian stock markets were higher as well, buoyed by vaccination news as well as solid economic data. In Japan, preliminary machine tool orders for November rose by 8.0% versus -6.0% y/y pin the previous month while Australia’s December Westpac consumer sentiment index came in at 112.0 versus 107.7 in November. Meanwhile, China reported that its consumer price index slipped 0.5% in November compared with a year earlier, the first slip into deflation since 2009. As such, Tokyo’s Nikkei 225 index gained 1.33%, while the Hang Seng in Hong Kong added 0.69%. In South Korea, the Kospi jumped 2.02%, while the Shanghai Composite index in China finished 1.12 lower, pressured by inflation data.
07 December 2020
Risk demand cools as lockdown concerns reemerge
Asian equities were mixed-to-lower on Monday as investors proceeded to profit-taking amid rising geopolitical tensions and coronavirus cases in some regions. Investor sentiment deteriorated following the reports that the United States was preparing sanctions on at least a dozen Chinese officials over their alleged role in Beijing’s disqualification of elected opposition legislators in Hong Kong. As a result, Hong Kong’s Hang Seng dropped 1.25%, while the Shanghai Composite index sank 0.81%, the Nikkei 225 in Tokyo lost 0.76% while South Korea’s Kospi inched up 0.50%.
04 December 2020
Macroeconomic Events for December
Dear clients,
Here is the list of the most important economic events for December.
Here is the list of the most important economic events for December.
04 December 2020
Markets struggle for direction amid mixed vaccine signals
Asian stocks were mixed-to-higher on Friday as investors continue to digest the news that Pfizer cut the number of doses of a planned coronavirus vaccine it might ship this year. On the other hand, market players have been encouraged by signs that Democrats and Republicans in Washington may reach a deal to provide more financial support for the economy. Meanwhile, the optimism was capped by the reports that the Pentagon added more Chinese firms to a blacklist of alleged Chinese military companies. As such, the Shanghai Composite Index closed just 0.07% higher, the Nikkei 225 in Tokyo sank 0.21%, the Hang Seng in Hong Kong gained 0.4% while the Kospi in Seoul rose by 1.6%.
02 December 2020
Vaccination expectations keep markets afloat
Asian stock markets were mixed and little changed on Wednesday as some investors took profit following the recent rally while vaccine and stimulus hopes kept market sentiment afloat. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.06%, retreating slightly from last week's all-time high. Japanese stocks fell 0.17% after setting a new 29-year high.
30 November 2020
Euro targets fresh tops, oil struggles ahead of OPEC+ decision
Asian markets lost early gains and closed lower on Monday amid renewed caution among investors. On the positive side, however, China’s official manufacturing PMI rose to 52.1 in November from 51.4 in October. It was the highest PMI reading since September 2017. Japan’s benchmark Nikkei 225 closed down 0.8% and South Korea’s Kospi fell 1.60%. China’s Shanghai Composite lost 0.5%.
26 November 2020
Stock markets show early signs of a correction
Asian equities were mostly up on Thursday, with trading activity is getting lower as U.S. markets are closed today for the Thanksgiving holiday and will be open for half the day on Friday. Japan’s benchmark Nikkei 225 gained 0.9%, Australia’s S&P/ASX 200 slipped 0.7%, South Korea’s Kospi gained 0.93% and the Shanghai Composite rose 0.22%.
24 November 2020
Equities extend the rally, euro reclaims upside momentum
Asian equities were mostly higher on Tuesday, with markets digesting positive political developments in the United States where the government gave the green light for President-elect Joe Biden's transition. Adding to investor optimism, Biden has chosen former Federal Reserve Chair Janet Yellen as treasury secretary. The latest vaccine developments were also helping to raise hopes for the eventual economic recovery. As such, Japan’s Nikkei 225 jumped 2.50%, South Korea’s Kospi added 0.58%, Australia’s S&P/ASX 200 gained 1.25% while the Shanghai Composite in China slipped 0.34%.
20 November 2020
Equities mixed in muted trading, gold makes recovery attempts
Asian equities were mixed in muted trading on Friday amid the growing dispute between U.S. Treasury Secretary Steven Mnuchin and the Federal Reserve over funds aimed to help businesses after Mnuchin sought to end the central bank’s relief programs. Against this backdrop, Japan’s benchmark Nikkei 225 slipped 0.4% while Australia’s S&P/ASX 200 dipped 0.12%. Hong Kong’s Hang Seng and the Shanghai Composite gained nearly 0.4%.
19 November 2020
Gold keeps bleeding along with stocks
Asian equities were mixed on Thursday as investors weighed up rising coronavirus cases with lingering vaccine hopes after drug companies Moderna and Pfizer both said their vaccines are more than 95% effective. Concerns over the impact of the recent spike in COVID-19 cases prevented stocks from rising. As such, Japan’s Nikkei 225 dipped 0.36%, the Hang Seng in Hong Kong fell 0.7%, while the Shanghai Composite Index gained nearly 0.5%. In Australia, the S&P/ASX 200 was up nearly 0.25% after the official report showed that the country’s economy added 178,800 jobs last month, well above forecasts of around 30,000.