Reply To: Traders Market Weekly: Memorial Weekend a Time for Reflection

#37421
Truman
Participant

In Asia, China added 0.5% while Japan slipped another 0.3%. The Shanghai Composite rose despite comments from Premier Li Keqiang who suggested some aspects of the Chinese economy are worse than when the pandemic began in 2020. In Japan, the Nikkei was weighed down by semiconductors. NVIDIA released earnings and dropped after the close in the US, leading names such as Tokyo Electron and Advantest to fall 2-4% in sympathy. This overshadowed 1-2% gains by Toyota and SoftBank.

In Europe, the major bourses are hanging around the neutral zone. The session has lacked significant economic data leaving the EU with limited trading cues. Sportswear apparel makers Puma and Adidas are representing relative strength in the DAX with gains of over 1%. Luxury brands are rebounding this morning with the likes of Kering, Hermes and LVMH Moet Hennessy Louis Vuitton also up well over 1%.