Japan stocks higher at close of trade
Japan stocks were higher after the close on Wednesday, as gains in the Chemical, Petroleum & Plastic, Transportation Equipment and Paper & Pulp sectors led shares higher. At the close in Tokyo, the Nikkei 225 rose 1.93 percent. Rising stocks outnumbered declining ones on the Tokyo Stock Exchange by 3160 to 496 and 172 ended unchanged. The Nikkei Volatility, which measures the implied volatility of Nikkei 225 options, was up 17.22 percent to 22.80 a new 3-months high. Crude oil for May delivery was down 1.02 percent or 0.71 to $68.96 a barrel. Elsewhere in commodities trading, Brent oil for delivery in May fell 0.92 percent or 0.69 to hit $74.63 a barrel, while the April Gold Futures contract fell 0.06 percent or 1.20 to trade at $1,939.90 a troy ounce. USD/JPY was down 0.01 percent to 132.48, while EUR/JPY fell 0.07 percent to 142.57. The US Dollar Index Futures was down 0.03 percent at 102.87.
Indices surge 0.7pc as sensex jumps almost 450 pts
Indian shares advanced on Tuesday led by Banks, Financials and Consumer Durables as the rescue of troubled European lender Credit Suisse provided temporary relief, although contagion fears in banking cast a shadow. Many investors also remained on the sidelines waiting for cues on Fed’s interest rate decision. The Nifty 50 index ended 120 points up to close above 17,000, at 17,107, while the S&P BSE Sensex rose 445 points and regained the 58,000-mark, to close at 58,074. Reliance Industries, the stock with the highest weightage in the Nifty 50, advanced more than 3 percent after global brokerage firm CLSA termed it a “bargain buy” at its current valuations. HDFC Life, Bajaj Auto, Bajaj Finance, and SBI Life were other notable gainers. Power Grid, HUL, Britannia, TechM, and Divi’s Lab shed more than a percent each. Most sectors advanced on Tuesday but FMCG and IT remained in the red throughout the session and ended more than 0.5 percent down. Bank, Finance, Consumer Durables, Energy and Media had a healthy session and jumped more than a percent each.
France stocks higher at close of trade
France stocks were higher after the close on Tuesday, as gains in the Basic Materials, Consumer Goods and Oil & Gas sectors led shares higher. At the close in Paris, the CAC 40 added 1.42 percent, while the SBF 120 index added 1.47 percent. Rising stocks outnumbered declining ones on the Paris Stock Exchange by 357 to 176 and 86 ended unchanged. The CAC 40 VIX, which measures the implied volatility of CAC 40 options, was unchanged 0.00 percent to 18.96 a new 52-week high. Gold Futures for April delivery was down 1.91 percent or 37.90 to $1,944.90 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May rose 2.48 percent or 1.68 to hit $69.50 a barrel, while the May Brent oil contract rose 1.95 percent or 1.44 to trade at $75.23 a barrel. EUR/USD was unchanged 0.43 percent to 1.08, while EUR/GBP rose 1.04 percent to 0.88. The US Dollar Index Futures was down 0.01 percent at 102.92.
DAX to face a mixed session on FED fear and ECB chatter
It was a bullish Monday session for the DAX, which rose by 1.12 percent to end the day at 14,933. Easing bank contagion risk supported the DAX and broader equity markets as investors responded to news of UBS AG (UBS) agreeing to acquire Credit Suisse Group AG (CS). Economic indicators from the Eurozone took a back seat, with ECB President Lagarde unable to spook investors with the commitment to push interest rates higher to curb inflation. On Thursday, the ECB raised interest rates by 50 basis points despite the deepening banking sector crisis and signaled more rates to come. The FTSE 100 also enjoyed a bullish session, rising by 0.93 percent. However, the upside was modest, with a strong Pound limiting the upside. On Monday, the GBP to USD rose by 0.86 percent to $1.22776.
Commodity-linked stocks push FTSE 100 higher
London stocks ended higher on Monday, reversing earlier declines as investors digested Swiss lender UBS’s weekend deal to rescue rival Credit Suisse, while gains in mining stocks helped the commodity-linked FTSE 100. The blue-chip FTSE 100 (.FTSE) rose 0.9 percent, after hitting its lowest level in more than four months in the session, while the mid-cap FTSE 250 (.FTMC) eked out 0.1 percent gain. “There is a bit of a relief rally going on in stocks which saw heavy losses in last week. Saudi Arabia stocks higher at close of trade; Tadawul All Share up 1.39 percent. Saudi Arabia stocks were higher after the close on Tuesday, as gains in the Telecoms & IT, Energy & Utilities and Transport sectors led shares higher. At the close in Saudi Arabia, the Tadawul All Share rose 1.39 percent. Rising stocks outnumbered declining ones on the Saudi Arabia Stock Exchange by 199 to 56 and 14 ended unchanged. Shares in Thimar Development Holding Co rose to 5-year highs; gaining 9.92 percent or 4.40 to 48.75.
U.S. stocks higher at close of trade
U.S. stocks were higher after the close on Tuesday, as gains in the Oil & Gas, Financials and Consumer Goods sectors led shares higher. At the close in NYSE, the Dow Jones Industrial Average rose 0.98 percent, while the S&P 500 index gained 1.30 percent, and the NASDAQ Composite index added 1.58 percent. Rising stocks outnumbered declining ones on the New York Stock Exchange by 2342 to 689 and 75 ended unchanged; on the Nasdaq Stock Exchange, 2686 rose and 935 declined, while 145 ended unchanged. The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was down 11.47 percent to 21.38. Gold Futures for April delivery was down 1.98 percent or 39.20 to $1,943.60 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May rose 2.52 percent or 1.71 to hit $69.53 a barrel, while the May Brent oil contract fell 0.05 percent or 0.04 to trade at $75.12 a barrel.