Wednesday, 24 January 2018

Mixed session for Asian stock indexes; new data in focus

Posted by FortFS at 09:37 Labels: , ,

Top stock indexes in Asia were mixed on Wednesday following previous session gains, with the dollar extending into negative territory against its major rivals.

Earlier today, the Japanese trade balance for December came in at 359 billion yen, falling short from an initially estimated 530 billion yen surplus. The adjusted trade balance was at 0.09 trillion yen, compared to 0.27 trillion eyed. Exports rose by 9.3 percent against a 10.1 percent seen.

The Nikkei 225 was down by approximately one percent after reaching a 26-year high in the prior session. Downward pressure was underpinned by a falling greenback, which makes the yen more expensive and therefore weighs on Japanese exporters.

In Australia, the S&P/ASX 200 was higher by half a percent, with the country’s top four financial institutions rising, despite mining components were down.

Asian equities followed a mixed close in Wall Street, with the Nasdaq ending at a fresh record high on the back of Netflix’s better-than-expected corporate earnings report for the fourth-quarter, while the Dow Jones and the S&P 500 failed to secure gains.

<<< Asian Stock Indexes at 07:50 GMT >>>

Australia ASX S&P                +44.50            +0.73%           6,150.70
Shanghai Composite             +45.14            +1.29%           3,546.50
Hong Kong Hang Seng          +476.95          +1.47%           32,870.36
Japan Nikkei 225                   +307.82          +1.29%           24,124.15
Taiwan TSEC 50 Index          +21.65            +0.19%           11,253.11

<<< Next in Europe >>>

Traders will be looking at to the release of German PMI indexes for manufacturing and services sectors as of 08:30 GMT, and for the Eurozone at 09:00 GMT.

<<< Next in the United States >>>

Investors will be paying attention to manufacturing and services PMIs for January in the US as of 14:45 GMT, as well as existing home sales at 15:00 GMT.


The Energy Information Administration will present its official crude and refined products inventories as usual at 15:30 GMT.

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