Asian markets still in positive territory as it is being supported by Chinese economic stimulus. In Tokyo, the Nikkei rebounded +1.09% trading at 20125.98. Among the remaining Asian markets Taiwan ended the session with a positive change of +0.83% while Seoul slightly unchanged +0.04%.
Yesterday the US sessioni closed mixed as the the Dow Jones and S & P 500 had a strong selling session, instead the Nasdaq took advantage of M&A in the biopharmaceutical industry and the Facebook (+ 0.64%) rally. At the end of session, the Dow Jones lost 85.34 points, or -0.47%, closing at 17949.59. The S & P 500 closed 3.1 points down or -0.15%, closing it’s session at 2097.29 with energy sector (-1%) among the top fallers. The Nasdaq Composite marked a +19.5 points, or 0.39%, trading at +5014.10.
All major European stock markets closed up yesterday. The FTSE 100 in London gained +0.15%, the DAX in Frankfurt +0.40%, the IBEX35 in Madrid +0.33%, the CAC40 in Paris +0.10% and the SMI in Zurich +0.60%. The European markets benefited from positive corporate results. Putting a break on the gains were fresh fears over the situation in Greece. According to reports from “Bloomberg” the ECB may soon close the liquidity taps to Greek banks. The Athens Stock Exchange closed down -3.3%. Italy lost -0.4%, which weighed down by the decline in German investor confidence, expressed by the ZEW index that fell in Alpril by 1.5 points to 53.3 compared to 54.8 points reached in March. This came below analyts expectations who had forecastedan improvement to +55.3 points.
In the early stages of the day the euro closed slightly higher, although it traded in a narrow range in search of inspiration from the evolution of the Greek deal . Around 9:15 the EURDollar Cross traded at 1.0733 area from 1,076, the closure last night in New York.
Down by more than two percentage points, oil prices fell in yesterday’s session following the news of the end of the military campaign against the Saudi and Yemen. This was accompanied by US weekly stocks pile that showed an increase in inventories. This morning prices extend the decline, with the future ICE Brent trading around $ 61.50 / bbl around 9:15 IT, down 40 cents from the opening.