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Chinese President visiting Europe eases trade and growth fears, sending European stocks higher; Asia mostly higher

Mar 20, 2019

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scroll down for the Asian markets recap

International Stock Markets Indexes

*Data in Price Return and Updated Real-Time (with a delay), Source: StockDio

European Markets Recap

  • Oil has been rising all morning and WTI Crude is currently up 1.82% to USD$59.84/bbl 
  • Brexit hardliner Jacob Rees-Mogg signaled he is willing to back PM Theresa May, setting a battle in Parliament between May and pro-European members; there will additional votes today on how to proceed
  • Parliament will vote Wednesday on alternatives to PM Theresa May's Brexit plans
  • We take a closer look at Apple's announcement : Apple Takes a Bigger Bite out of Services, Hoping to Avoid the Worms
  • According to Credit Suisse, while net long/short exposures for hedge funds on its prime broker platform are near the lowest levels since 2017, they are seeing an uptick in the number of net shorts.  The recent deceleration in the rally in US stocks, combined high dispersion levels (and lower correlations) support greater payoffs from shorting stocks. 
  • US-China trade talks continue with little news of progress so far
  • The Euro Stoxx 600 is currently up +0.81%, the FTSE 100 is higher by +0.39%, the DAX has risen +0.7%, and the CAC 40 is up +0.93%
  • Utilities (+0.44%), Banks (-0.04%), and Basic Resources (+0.52%) stocks are the top performers in the Euro Stoxx 600 today
  • Retail (+1.02%), Health Care (+1.54%), and Construction & Materials (+0.31%) stocks are the worst performers in the Euro Stoxx 600 today
  • Investor sentiment for European stocks is positive with the advance/decline ratio for the Euro Stoxx 600 currently at 2.41x
  • 21 stocks in the Euro Stoxx 600 are at 4-week highs while 158 stocks are at 4-week lows
  • 25 stocks in the Euro Stoxx 600 are overbought while 18 stocks are oversold according to the 16-day RSI Measure
     

Asian Stock Markets Indexes

Asian Markets Recap

  • Investor sentiment for Japanese stocks finished positive with the advance/decline ratio for the Nikkei 225 closing at 44x
  • 37 stocks in the Nikkei 225 hit 4-week highs while 3 stocks reached 4-week lows
  • 10 stocks in the Nikkei 225 closed overbought while 2 stocks closed oversold according to the 16-day RSI Measure
  • Investor sentiment for Hong Kong stocks finished positive with the advance/decline ratio for the Hang Seng closing at 1.78x
  • 1 stock in the Hang Seng hit 4-week highs while 9 stocks reached 4-week lows
  • 1 stocs in the Hang Seng closed overbought while 0 stocks closed oversold according to the 16-day RSI Measure

Stocks Trending in the News

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