Alphaex Capital Daily Market Brief


European Equity Markets

Euro Stoxx 600 index closed 0.5%  higher on Tuesday. Oil and gas stocks gained the most boosted by commodity prices trading higher. The industrials and technology sectors also both ended trade above 1%. Rating upgrades helped European shares, with Airbus, Atos and Hugo Boss all rising higher after positive research notes from investment banks.

US Equity Markets

The S&P 500 traded higher on Tuesday as strong results from PepsiCo boosted earnings season. The consumer staples index climbed 1.3% and provided the biggest lift to the S&P 500, driven by PepsiCo, which gained 4.8%, while Procter & Gamble rose 2.5% and Coca-Cola was up 1.3%. The Nasdaq Composite added 0.04%, to 7,759.20. The S&P 500 gained 0.35%, to 2,793.84.

Asian Equity Markets


Major Asian markets fell following the release of a list of an additional $200 billion in Chinese goods on which the U.S. is considering imposing tariffs. China markets fell on the back of the news, with the Shanghai composite falling 2.31%. Japan’s Nikkei 225 fell 1.74%, with losses steepening through the day as trade-sensitive stocks, such as automakers, mostly fell.

Forex Markets

The Australian dollar fell after the U.S. said it would impose tariffs on an extra $200 billion of imports from China, sharply escalating tensions between the world’s two biggest economies. The news threw U.S.-China trade war worries back into the spotlight just days after Washington imposed 25% tariffs on $34 billion of Chinese imports, and Beijing responded immediately with matching tariffs on the same amount of U.S. exports to China.


Commodities Markets

Oil prices fell on Wednesday after U.S. President Donald Trump threatened to levy new trade tariffs on China. Brent crude futures were down 75 cents at $78.11 a barrel. U.S. crude was down 55 cents at $73.56. The specter of tariffs on a further $200 billion worth of Chinese goods sent commodities lower along with stock markets, with trade tensions between the world’s two biggest economies intensifying.

Bond Markets

Shorter-dated yield Treasuries hit session highs following a weak auction of 3-year notes that left the yield curve at its flattest in over a decade. The auction for $33 billion in 3-year notes in the afternoon had the lowest bid-to-cover ratio since April 2009, and primary dealers took more than half of the 3-year supply. An auction of $22 billion in 10-year notes is scheduled for Wednesday and $14 billion in 30-year bonds will be offered on Thursday. Benchmark U.S 10-year notes yielded 2.871%, up from 2.860 percent late Monday.

Risk Warning

Trading carried a high level of risk to your capital. Losses can exceed deposits. Please read the full risk warning here


Trading spot foreign exchange and futures on margin carries a high level of risk and may not be suitable for all investors. You may lose all your capital. Loses can exceed deposits. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in spot foreign exchange or futures you should carefully consider your investment objectives, level of experience, and risk appetite. If you are in any doubt about investment or the mechanics of such products, you should seek independent financial advice.

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