Of earthquakes, the BoJ and the ever-resilient yen
As we noted earlier on Friday, there’s nothing quite like a killer earthquake and tsunami to boost a currency — at least, that seems to be the case in Japan where the yen not only recovered after...
View ArticleJapan update – energy and insurance
The latest from the wires and the FT’s live blog is that the death toll is “set to exceed 1,000″ and that aftershocks of magnitude 6.6 and 5.8 have been detected in northern Japan. A “nuclear...
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Nikkei routed
Via Reuters, the Nikkei’s biggest percentage fall since October 2008 — a staggering 10.5 per cent. Continue reading: Nikkei routed
View ArticleAnother market overreaction?
It’s probably not the time to say this, given Tuesday’s sharp sell-off, but are some financial markets overreacting to the Japanese earthquake? From Nomura:Continue reading: Another market overreaction?
View ArticleBetting on a Nikkei rebound
Well, tomorrow’s Nikkei surely can’t be any worse than today’s. As FT Alphaville noted on Friday, the iShares MSCI Japan Index Fund (EWJ) is proving an interesting barometer for investor sentiment...
View ArticleStocks slip as Japan and Libya woes rumble on
Rising concerns about contamination from the Fukushima nuclear accident and little sign that allied bombing has reduced Colonel Gaddafi’s resolve pushed the FTSE All-World index lower for the first...
View ArticleGoldfish, memories and markets
Contrary to popular myth — goldfish have a memory capability that spans months. But that doesn’t stop Nomura’s chart of the day, titled “markets’ goldfish memory,” from making its point. Assets have...
View ArticleGoldman Sachs makes an expensive typo
The following is the formula for a properly structured warrant tied to Japan’s Nikkei index — which would (we presume) be easy enough to hedge for its issuer: (Closing Level – Strike Level) x Index...
View ArticleDebt talks and the Monday reaction
In a word: muted. The lack of progress on US debt ceiling talks over the weekend hasn’t caused a spiral of chaos.Continue reading: Debt talks and the Monday reaction
View ArticleStock market wags economy, or not?
This is is a guest post from Philip Pilkington, a writer and research assistant at Kingston University. After a few days of volatility the S&P 500 rebounded on the back of better than expected jobs...
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Nikkei, rot to rout
Slightly wearying, all this see-sawing in Japan. The Nikkei fell more than 6 per cent at one point on Thursday, though it had rallied a bit at pixel time. Still heading towards bear territory. Some...
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That was yen, this is now
A brief history of Japan’s stock market, charted by Nomura. Do click to enlarge/ to spot the bubbles: Continue reading: That was yen, this is now
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Explaining the BoJ’s reticence
You’ll have noticed that the yen and Nikkei were displeased yesterday. Like throw your toys out of the pram because you didn’t get what you wanted displeased. Like one of the worst one day JPY moves in...
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