ASX 7.jpg

v

Title: Australia stocks lower at close of trade; S&P/ASX 200 down 0.53%

Sep 28, 2022 03:45AM ET

By: AnalysisWatch

Australia stocks were lower after the close on Wednesday, as losses in the IT; Consumer Discretionary and Financials sectors led shares lower.

At the close in Sydney, the S&P/ASX 200 fell 0.53% to hit a new 3-months low.

The best performers of the session on the S&P/ASX 200 were Ramelius Resources Ltd, which rose 5.74% or 0.04 points to trade at 0.64 at the close. Meanwhile, Whitehaven Coal Ltd added 3.91% or 0.33 points to end at 8.78 and Incitec Pivot Ltd was up 3.55% or 0.12 points to 3.50 in late trade.

The worst performers of the session were Unibail Rodamco Westfield, which fell 4.23% or 0.14 points to trade at 3.17 at the close. Virgin Money PLC declined 3.95% or 0.09 points to end at 2.19 and Nickel Mines Ltd was down 3.75% or 0.03 points to 0.77.

Falling stocks outnumbered advancing ones on the Sydney Stock Exchange by 839 to 486 and 390 ended unchanged.

Shares in Unibail Rodamco Westfield fell to 52-week lows; down 4.23% or 0.14 to 3.17. Shares in Nickel Mines Ltd fell to 52-week lows; falling 3.75% or 0.03 to 0.77.

The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was up 1.99% to 20.27.

Gold Futures for December delivery was down 0.59% or 9.65 to $1,626.55 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November fell 1.63% or 1.28 to hit $77.22 a barrel, while the December Brent oil contract fell 1.48% or 1.26 to trade at $83.61 a barrel.

AUD/USD was unchanged 0.77% to 0.64, while AUD/JPY fell 0.93% to 92.28.

The US Dollar Index Futures was up 0.30% at 114.39.

JPX 7.png

Title: Japan stocks lower at close of trade; Nikkei 225 down 1.50%

Sep 28, 2022 03:35AM ET

By: AnalysisWatch

Japan stocks were lower after the close on Wednesday, as losses in the Transportation Equipment, Chemical, Petroleum & Plastic and Construction sectors led shares lower.

At the close in Tokyo, the Nikkei 225 fell 1.50% to hit a new 1-month low.

The best performers of the session on the Nikkei 225 were Eisai Co., Ltd., which rose 17.29% or 1,000.00 points to trade at 6,784.00 at the close. Meanwhile, Shizuoka Bank Ltd added 4.96% or 42.00 points to end at 889.00 and Nippon Paper Industries Co., Ltd was up 3.25% or 29.00 points to 920.00 in late trade.

The worst performers of the session were Nippon Sheet Glass Co., Ltd., which fell 5.07% or 28.00 points to trade at 524.00 at the close. Mitsubishi Motors Corp. declined 4.85% or 29.00 points to end at 569.00 and Kawasaki Kisen Kaisha, Ltd. was down 4.57% or 320.00 points to 6,680.00.

Falling stocks outnumbered advancing ones on the Tokyo Stock Exchange by 2344 to 1252 and 202 ended unchanged.

The Nikkei Volatility, which measures the implied volatility of Nikkei 225 options, was down 2.59% to 24.48.

Crude oil for November delivery was down 1.91% or 1.50 to $77.00 a barrel. Elsewhere in commodities trading, Brent oil for delivery in December fell 1.73% or 1.47 to hit $83.40 a barrel, while the December Gold Futures contract fell 0.73% or 11.95 to trade at $1,624.25 a troy ounce.

USD/JPY was down 0.10% to 144.62, while EUR/JPY fell 0.42% to 138.26.

The US Dollar Index Futures was up 0.36% at 114.46.

Title: European Stocks Sharply Lower; German GfK Sentiment Falls to Record Low

Sep 28, 2022 03:32AM ET

By: AnalysisWatch

European stock markets traded sharply lower Wednesday, pressured by renewed energy concerns as well as a deteriorating growth outlook.

By 03:35 ET (07:35 GMT), the DAX in Germany traded 1.6% lower, the CAC 40 in France fell 1.5%, and U.K.’s FTSE 100 dropped 1.9%.

European equities are following the global move lower, with investors concerned that aggressive monetary tightening to combat soaring inflation will push much of the global economy into recession.

The European Central Bank has embarked on a series of interest rate hikes to combat inflation at historic highs, despite the region suffering from slowing growth and an energy crisis in the wake of Russia’s invasion of Ukraine.

Russian gas monopoly Gazprom (MCX:GAZP) said late Tuesday that it may seek to add the Ukrainian gas pipeline operator Naftogaz Ukrainy to Russia's list of sanctioned entities, a move that would likely result in it cutting off almost all of its remaining supplies to the EU.

Russia’s energy conflict with Europe had already escalated earlier Tuesday after Nord Stream pipelines, that bring natural gas from Russia to Europe via the Baltic Sea, were wrecked in suspected sabotage.

Oil prices fell sharply Wednesday as a build in U.S. crude stocks and further strength in the U.S. dollar outweighed any potential supply disruptions caused by Hurricane Ian.

Data from the American Petroleum Institute, released late Tuesday, showed U.S. crude stockpiles rose by much more than expected last week, up 4 million barrels, raising concerns of slowing demand at the world’s largest consumer.

Traders will be looking for official confirmation from Energy Information Administration data later in the session.

Also weighing was the dollar hitting a fresh two-decade peak earlier Wednesday, which makes dollar-denominated crude more expensive for foreign buyers.

Preparations for its impact have resulted in about 190,000 barrels per day of oil production, or 11% of the Gulf's total being shut-in, according to offshore regulator the Bureau of Safety and Environmental Enforcement.

By 03:35 ET, U.S. crude futures traded 2% lower at $76.92 a barrel, while the Brent contract fell 1.8% to $83.31.

Additionally, gold futures fell 0.7% to $1,624.25/oz, while EUR/USD traded 0.4% lower at 0.9555.

European Stocks 7.jpg
Stock Market Data