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Opening Wrap – Thursday, January 23, 2020

In Asian Equity Markets indices declined in Thursday morning trade as the death toll rises in China due to a pneumonia-causing virus outbreak. Mainland Chinese stocks fell in early trade, with the Shanghai composite down about 0.8%. Hong Kong’s Hang Seng index also...

Closing Wrap – Wednesday, January 22, 2020

In European Equity Markets the pan-European Stoxx 600 was down 0.17% by the close of trade. Financial services led gains while autos and bank stocks slid lower. Italian banks led the decline following reports that Luigi di Maio, leader of the Five Star Movement (M5S)...

Opening Wrap – Wednesday, January 22, 2020

In Asian Equity Markets Mainland Chinese stocks fell during Wednesday morning trade amid heightened concerns over the spread of the coronavirus that has killed 9 in China so far. The Shanghai composite was down more than 1%. Hong Kong’s Hang Seng index, which led...

Closing Wrap – Tuesday, January 21, 2020

In European Equity Markets the pan-European Stoxx 600 pared early losses to trade 0.4% lower by the close. Basic resources were the worst performing stocks, falling 1.4%, while financial services edged toward 0.2% gains. UBS shares fell by 5.3% after the Swiss lender...

Opening Wrap – Tuesday, January 21, 2020

In Asian Equity Markets stocks in Hong Kong led losses regionally among major Asian markets on Tuesday after ratings agency Moody’s cut its rating for the city to Aa3 from Aa2 on Monday. The Hang Seng index in the embattled city fell 2.29%, with shares of life...

Closing Wrap – Monday, January 20, 2020

In European Equity Markets the pan-European Stoxx 600 was down 0.1%, with household goods falling 0.9% to lead losses while insurance stocks added 0.5%. Qiagen shares gained 5.3% by mid-afternoon after a report that the firm was in talks about a possible takeover,...

Opening Wrap – Monday, January 20, 2020

In Asian Equity Markets indices were mostly higher in Monday morning trade, with the People’s Bank of China (PBoC) keeping the loan prime rate (LPR) unchanged. The Hang Seng index in Hong Kong, however, fell fractionally as shares of life insurer AIA declined more...

Closing Wrap – Friday, January 17, 2020

In European Equity Markets the pan-European Stoxx 600 ended up 1%, reaching a fresh record high. Basic resources stocks jumped 2.3% to lead gains as all sectors and major bourses traded in positive territory. NMC Health’s London-listed stock jumped 9.1% after the Abu...

Opening Wrap – Friday, January 17, 2020

In Asian Equity Markets indices rose on Friday, as the release of China’s gross domestic product (GDP) numbers showed growth was in  line with analyst expectations. Chinese markets rose following the release of those numbers. The Shanghai composite was up 0.47%. Hong...

Closing Wrap – Thursday, January 16, 2020

In European Equity Markets the pan-European Stoxx 600 index closed up by 0.2%. Utilities shares were the biggest gainers, climbing 0.9%, while autos stocks fell 0.9%. Tullow Oil stock jumped 11%, recovering from a sharp decline on Wednesday after the British oil...

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