Stock market snapshot as of [26/4/2019 0510 GMT]
- Asian stock markets are feeling the chill from the adverse effects of a resurgence USD strength as we continue to see a mix picture of performance in today’s Asian mid-session. The U.S. dollar Index futures has staged another positive daily gain of 0.09% at the end of yesterday U.S. session to close at 98.15; holding above a former key 5-month range resistance of 97.80 ahead of U.S Q1 GDP release later today.
- The Kospi 200 has continued its 3-day decline since 23 Apr where it shed -0.79% today reinforces by a negative spill over effect from Intel, a major chipmaker that has missed its Q1 revenue estimates and cut its full year 2019 revenue forecast from US$ 71.5 billon to US$ 69 billon.
- The initial drop seen in the Nikkei 225 at today’s Asian session open has managed to hold at the 22000 key short-term range support in place since 18 Apr 2019 as the Japan market heads into an extended 10-day Golden Week holiday that starts from 27 Apr to 06 May 2019.
- European stock markets futures are mixed where the FTSE 100 is showing a slight gain of 0.15% while the German DAX is down marginally by -0.06%.
BMO: before market open NTS: no time specific
*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.