CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Open account
☰
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Open account
✖

Asian Equity Market Handover 24th April 2019

Article By: ,  Financial Analyst
April 24, 2019 2:30 AM

Stock market snapshot as of [24/4/2019 0415 GMT]


  • No clear broad-based positive follow through for Asian stock markets despite a strong finishing close seen on the key benchmark U.S stock indices yesterday; the S&P 500 has recorded a fresh all-time high close at 2933 above the Sep 2018 record close of 2930.
  • The ASX 200 has continued to outperform since the break above 6290 where today’s up move has been reinforced by a weaker than expected Q1 Australia trimmed mean CPI data (1.6% y/y versus consensus of 1.7% y/y) that has increased the probability of a RBA interest rate cut in the coming months.
  • Continued strength seen in the USD has trigged another round of sell-off in the Korean stock market lead by foreigners (net sellers of 46.3 billion won worth of shares) where the Kospi 200 is the worse underperformer in today’s Asian mid-session.
  • European stock market futures on FTSE 100 and German DAX are indicating a negative opening where both showing a decline of -0.21% and -0.32% respectively.

Corporate Highlights


BMO: before market open           AMC: after market close                NTS: no time specific

Macroeconomic Calendar

'

*Data from Refinitiv. Index names may not reflect tradable instruments and not all markets are available in all regions.


StoneX Financial Ltd (trading as “City Index”) is an execution-only service provider. This material, whether or not it states any opinions, is for general information purposes only and it does not take into account your personal circumstances or objectives. This material has been prepared using the thoughts and opinions of the author and these may change. However, City Index does not plan to provide further updates to any material once published and it is not under any obligation to keep this material up to date. This material is short term in nature and may only relate to facts and circumstances existing at a specific time or day. Nothing in this material is (or should be considered to be) financial, investment, legal, tax or other advice and no reliance should be placed on it.

No opinion given in this material constitutes a recommendation by City Index or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although City Index is not specifically prevented from dealing before providing this material, City Index does not seek to take advantage of the material prior to its dissemination. This material is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

For further details see our full non-independent research disclaimer and quarterly summary.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. CFD and Forex Trading are leveraged products and your capital is at risk. They may not be suitable for everyone. Please ensure you fully understand the risks involved by reading our full risk warning.

City Index is a trading name of StoneX Financial Ltd. Head and Registered Office: 1st Floor, Moor House, 120 London Wall, London, EC2Y 5ET. StoneX Financial Ltd is a company registered in England and Wales, number: 05616586. Authorised and regulated by the Financial Conduct Authority. FCA Register Number: 446717.

City Index is a trademark of StoneX Financial Ltd.

The information on this website is not targeted at the general public of any particular country. It is not intended for distribution to residents in any country where such distribution or use would contravene any local law or regulatory requirement.

© City Index 2024