Asia Morning September 15
Investors were encouraged by a series of big-ticket merger & acquisition deals...
Share this:
On Monday, U.S. stocks closed 1% higher. The Dow Jones Industrial Average rose 327 points (+1.18%) to 27993, the S&P 500 gained 42 points (+1.27%) to 3383, and the Nasdaq 100 rebounded 190 points (+1.72%) to 11277.
Dow Jones Industrial Average: Daily Chart
Sources: GAIN Capital, TradingView
Investors were encouraged by a series of big-ticket merger & acquisition deals. For example, chipmaker Nvidia (NVDA +5.79%) agreed to a $40 billion acquisition of Arm Holdings from Japan's SoftBank Group. And Gilead Sciences (GILD +2.22%) would buy Immunomedics Inc (IMMU +97.99%) for $21 billion.
Technology Hardware & Equipment (+2.71%), Semiconductors & Semiconductor Equipment (+2.43%) and Real Estate (+2.16%) sectors gained the most. Kohls Corp (KSS +9.56%), Tapestry Inc (TPR +8.48%) and Oracle (ORCL +4.57%) were among the top gainers, while Citigroup (C -5.59%) and Kroger Company (KR -4.45%) were top losers.
Tesla (TSLA) surged 12.58%.
Approximately 60.2% (59.4% in the prior session) of stocks in the S&P 500 Index were trading above their 200-day moving average and 34.7% (27.3% in the prior session) were trading above their 20-day moving average.
European stocks were mixed. The Stoxx Europe 600 Index was up 0.15%, France's CAC 40 advanced 0.35%, while Germany's DAX 30 eased 0.07% and the U.K.'s FTSE 100 declined 0.10%.
The benchmark U.S. 10-year Treasury yield climbed to 0.680%.
U.S. WTI crude oil futures (October) fell 0.2% to $37.26 a barrel.
Spot gold jumped $15.00 (+0.78%) to $1,956 an ounce.
On the forex front, the U.S. dollar eased against its major peers, with the ICE Dollar Index dropping 0.3% on day to 93.05.
EUR/USD gained 0.2% to 1.1866. Official data showed that the eurozone's industrial production grew 4.1% on month in July (+4.2% expected). On the other hand, the German ZEW Current Situation Index for September will be released later in the day (-72.0 expected).
GBP/USD rebounded 0.4% to 1.2849. U.K. Prime Minister Boris Johnson's Internal Market Bill, his plan to rewrite part of the Brexit deal, passed its first hurdle in Commons. Later today, investors will focus on the U.K. jobless rate for the three months to July (4.1% expected).
USD/JPY slid 0.4% to 105.74. Japan's Chief Cabinet Secretary Yoshihide Suga has won the ruling Liberal Democratic Party presidential election and will replace Shinzo Abe as Prime Minister.
Commodity-linked currencies were broadly mixed against the greenback. AUD/USD and USD/CAD were flat at to 0.7285 and 1.3177 respectively, while NZD/USD climbed 0.5% to 0.6701.
Dow Jones Industrial Average: Daily Chart
Sources: GAIN Capital, TradingView
Investors were encouraged by a series of big-ticket merger & acquisition deals. For example, chipmaker Nvidia (NVDA +5.79%) agreed to a $40 billion acquisition of Arm Holdings from Japan's SoftBank Group. And Gilead Sciences (GILD +2.22%) would buy Immunomedics Inc (IMMU +97.99%) for $21 billion.
Technology Hardware & Equipment (+2.71%), Semiconductors & Semiconductor Equipment (+2.43%) and Real Estate (+2.16%) sectors gained the most. Kohls Corp (KSS +9.56%), Tapestry Inc (TPR +8.48%) and Oracle (ORCL +4.57%) were among the top gainers, while Citigroup (C -5.59%) and Kroger Company (KR -4.45%) were top losers.
Tesla (TSLA) surged 12.58%.
Approximately 60.2% (59.4% in the prior session) of stocks in the S&P 500 Index were trading above their 200-day moving average and 34.7% (27.3% in the prior session) were trading above their 20-day moving average.
European stocks were mixed. The Stoxx Europe 600 Index was up 0.15%, France's CAC 40 advanced 0.35%, while Germany's DAX 30 eased 0.07% and the U.K.'s FTSE 100 declined 0.10%.
The benchmark U.S. 10-year Treasury yield climbed to 0.680%.
U.S. WTI crude oil futures (October) fell 0.2% to $37.26 a barrel.
Spot gold jumped $15.00 (+0.78%) to $1,956 an ounce.
On the forex front, the U.S. dollar eased against its major peers, with the ICE Dollar Index dropping 0.3% on day to 93.05.
EUR/USD gained 0.2% to 1.1866. Official data showed that the eurozone's industrial production grew 4.1% on month in July (+4.2% expected). On the other hand, the German ZEW Current Situation Index for September will be released later in the day (-72.0 expected).
GBP/USD rebounded 0.4% to 1.2849. U.K. Prime Minister Boris Johnson's Internal Market Bill, his plan to rewrite part of the Brexit deal, passed its first hurdle in Commons. Later today, investors will focus on the U.K. jobless rate for the three months to July (4.1% expected).
USD/JPY slid 0.4% to 105.74. Japan's Chief Cabinet Secretary Yoshihide Suga has won the ruling Liberal Democratic Party presidential election and will replace Shinzo Abe as Prime Minister.
Commodity-linked currencies were broadly mixed against the greenback. AUD/USD and USD/CAD were flat at to 0.7285 and 1.3177 respectively, while NZD/USD climbed 0.5% to 0.6701.
Related tags:
Open an account in minutes
Experience award-winning platforms with fast and secure execution, and enjoy tight spreads from 0.5 pts on FX and 0.3 pts on indices.
Economic calendar
Web Trader platform
Our sophisticated web-based platform is packed with features.
Related articles
US Dollar Bulls Return as Euro and Pound Shorts Build | COT Report
US dollar net-longs surged at their fastest pace in seven years as futures traders added bearish exposure to the euro and British pound.
Australian Dollar Outlook: AUD/USD Holds 70c Ahead of RBA and CPI
AUD/USD faces an expected RBA hike and Australian CPI before attention turns to US PCE, ISM and nonfarm payrolls later in the week.
EUR/USD weekly outlook: Oil, inflation and NFP in focus
After coming under significant pressure in recent weeks, the EUR/USD came off its lows to finish the week on a positive note on Friday, albeit with only a mild rebound. That was not enough to prevent the exchange rate falling for the third consecutive week, as the US dollar and bond yields rallied across the board.
This report is intended for general circulation only. It should not be construed as a recommendation, or an offer (or solicitation of an offer) to buy or sell any financial products. The information provided does not take into account your specific investment objectives, financial situation or particular needs. Before you act on any recommendation that may be contained in this report, independent advice ought to be sought from a financial adviser regarding the suitability of the investment product, taking into account your specific investment objectives, financial situation or particular needs.
StoneX Financial Pte. Ltd., may distribute reports produced by its respective foreign entities or affiliates within the StoneX group of companies or third parties pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the report is distributed to a person in Singapore who is not an accredited investor, expert investor or an institutional investor (as defined in the Securities Futures Act), StoneX Financial Pte. Ltd. accepts legal responsibility to such persons for the contents of the report only to the extent required by law. Singapore recipients should contact StoneX Financial Pte. Ltd. at 6826 9988 for matters arising from, or in connection with the report.
In the case of all other recipients of this report, to the extent permitted by applicable laws and regulations neither StoneX Financial Pte. Ltd. nor its associated companies will be responsible or liable for any loss or damage incurred arising out of, or in connection with, any use of the information contained in this report and all such liability is hereby expressly disclaimed. No representation or warranty is made, express or implied, that the content of this report is complete or accurate.
StoneX Financial Pte. Ltd. is not under any obligation to update this report.
Trading CFDs carries a high level of risk that may not be suitable for some investors. Consider your investment objectives, level of experience, financial resources, risk appetite and other relevant circumstances carefully. The possibility exists that you could lose some or all of your investments, including your initial deposits. If in doubt, please seek independent expert advice. Visit www.forex.com/en-sg/terms-and-policies for the complete Risk Disclosure Statement.