|Day's range||21,542.03 - 21,713.26|
|52-week range||18,948.58 - 24,448.07|
Stocks fell sharply in Europe on Friday after surveys showed manufacturing in the region slowed in March and amid news that the European Union offered only a brief extension to the Brexit deadline. Brexit uncertainty continued to weigh on sentiment after European Union leaders agreed to delay Brexit until May 22, the eve of the EU elections, instead of next Friday as previously planned. "In light of the gridlock between a deal not accepted, the lack of options for revision and a looming deadline, the risk for a hard Brexit amplifies," Jingyi Pan of IG said in a market commentary.
The price action suggests traders will need a few more days and sessions to interpret the recent change in Fed positioning and to absorb the further developments with regard to trade and geo-political factors,
Tokyo stocks closed slightly higher on Friday as rallies on Wall Street helped improve investor sentiment, but a stronger yen limited the gains. The benchmark Nikkei 225 index rose 0.09 percent, or 18.42 points, to end at 21,627.34 while the broader Topix index was up 0.17 percent, or 2.72 points, at 1,617.11. The dollar fetched 110.80 yen in Asian trade, little changed from 110.82 yen in New York on Thursday but lower than 111.55 yen in Tokyo on Wednesday.
Tokyo stocks opened higher on Friday as rallies on Wall Street helped improve investor sentiment, but a stronger yen limited the gains. Japanese shares are seen receiving some support from the US, but "a higher yen (against the dollar) compared with the levels on Wednesday is weighing on the market," Monex said in a commentary. The dollar fetched 110.85 yen in early Asian trade, little changed from 110.82 yen in New York on Thursday but lower than 111.55 yen in Tokyo on Wednesday.
Stocks broke early in the day because Trump’s comments confused some traders. These comments were on top of other mixed messages from his administration throughout the negotiations. Essentially, investors were prepared for a dovish Fed, but the news was even more dovish than they were expecting.
Shares were mostly falling in Europe after a lackluster day of trading in Asia and U.S. markets appeared set for a slightly higher open ahead of the Federal Reserve's policy statement. Germany's DAX sank 1.2 percent to 11,644, dragged down by a profit warning by BMW and a court ruling against Bayer's Roundup weed killer. Britain's FTSE 100 was flat at 7,325.
Tokyo stocks rose on Wednesday, led by gains in chip-related shares, as investors await the outcome of the US Federal Reserve's policy meeting later in the day. "Some semiconductor shares gained ground following a rise in their US counterparts overnight," said Daiwa Securities senior technical analyst Hikaru Sato. "But trading was in a tight range ahead of the holiday as they are waiting for the Fed meeting," Sato told AFP.
Tokyo stocks opened flat on Wednesday in cautious trade amid uncertainty over US-China trade talks as investors await the outcome of the US Federal Reserve's policy meeting later in the day. "Japanese shares are seen trading without a sense of clear direction with eyes on the Fed meeting and the development of the talks on Britain's exit from the EU," Okasan Online Securities strategist Yoshihiro Ito said in a commentary. A wait-and-see attitude prevailed ahead of a public holiday in Japan on Thursday and active speculation about US-China trade talks, he added.
FOMC meeting in sharp focus, Brexit Blocked, markets flat but big moves are in store.
Global stock markets recovered their poise Tuesday after a lackluster session in Asia as investors digested the latest bout of Brexit uncertainty and prepared for a key U.S. Federal Reserve meeting. With just ten days to go until Brexit, the country has yet to agree on how it will leave and Prime Minister Theresa May is expected later this week to seek an extension to the departure date from March 29. "Depending on your point of view, either the U.K. is locked in some kind of limbo tied to the EU, which is the 'Remainers' preferred scenario, or as an unintended consequence the U.K. leaves the EU without a deal quite soon, the Brexiteers preferred scenario, something which is not being priced in by financial markets at the moment," said Neil MacKinnon, economist at VTB Capital.
Tokyo stocks inched down Tuesday on profit-taking, as investors braced for a policy meeting by the US Federal Reserve. The benchmark Nikkei 225 index slipped 0.08 percent, or 17.65 points, to close at ...
Tokyo stocks opened lower on Tuesday as investors braced for a policy meeting by the US central bank. "Underlying sentiment is not bad ... In the absence of trading pegs at home however, a wait-and-see mood will grow ahead of the result tomorrow of the (US) Fed meeting," Okasan Online Securities said in a note. The Federal Reserve will have another opportunity to weigh in on Wednesday as it wraps up the meeting that is expected to keep interest rates unchanged and could signal fewer rate increases in 2019.
Another FOMC meeting comes into focus while traders wait anxiously for news on U.S./China trade talks.
European shares were mixed by midday while Asian markets closed higher on Monday as investors awaited signs the U.S. and China could be making progress in negotiations on resolving the trade war between the two biggest economies. U.S. shares were set for a mixed start with Dow futures inching down 0.1 percent to 25,868. China's congress on Friday endorsed an investment law that aims to address complaints, particularly from the U.S., that China's system is rigged against foreign companies.
Tokyo stocks closed higher on Monday thanks to optimism over US-China trade talks, with investors eyeing the US Federal Reserve's meeting later this week. The Nikkei 225 index added 0.62 percent, or 133.65 ...
Tokyo stocks opened higher on Monday, tracking gains on Wall Street due to optimism over US-China trade talks, with investors closely eyeing the US Federal Reserve's meeting later this week. The Nikkei ...
Hopes that the U.S. and China will resolve their trade dispute as Beijing tweaked rules on foreign investment has helped shore up global stock markets on Friday. Following a week dominated by Brexit uncertainty, traders focused on the annual session of China's ceremonial congress, which ended with Premier Li Keqiang pledging support for the slowing economy. The measure is part of an investment law that aims to address complaints, particularly from the U.S., that China's system is rigged against foreign companies.
Tokyo shares rose on Friday, ending two days of declines, with a cheaper yen providing support and investors brushing off a downbeat central bank assessment of the Japanese economy. "Current levels of the yen are seen as a positive factor for Japanese shares," said Yoshihiro Okumura, general manager at Chibagin Asset Management. The dollar fetched 111.70 yen in Asian afternoon trade, up from 111.65 yen in New York and 111.58 yen in Tokyo on Thursday.
Some of the optimism over the timing of the US-China trade deal was dampened on Thursday after President Donald Trump said the U.S. will probably know in the next three or four weeks about a possible trade deal with China.
Tokyo stocks opened higher on Friday with a cheaper yen supporting the market, as investors awaited the Bank of Japan's policy board decision later in the day. Investors were awaiting the Bank of Japan's monetary policy decisions later on the day, "as there is a view that the Bank may revise down part of its assessment of the economy even though the monetary policy itself is expected to be unchanged", said Toshiyuki Kanayama, senior market analyst at Monex. US President Donald Trump said Thursday that trade war negotiations with China should wrap up within four weeks and expressed optimism about striking a deal, saying "we are doing very well with China talks".
Global stock markets pushed higher on Thursday as traders awaited a vote that could delay Britain's March 29 exit from the European Union. In Europe, Britain's FTSE 100 added 0.5 percent to 7,195 and France's CAC 40 advanced 0.7 percent to 5,341. The focus in markets will once again be on London where lawmakers will vote on whether to request an extension from the European Union over Britain's scheduled departure from the bloc.
No-Deal Brexit is off the table, at least that’s what the UK says, but it may not matter. If the EU doesn’t agree the UK may have no choice.