Nikkei Futures Opening Update as on 20 May 2019

The Nikkei 225 Future is trading at 21,293.00 up with +0.36% percent or +75.50 point.The NSE Nifty Future is trading at 11,745.80 up with +2.67% percent or +304.95 point.The Hang Seng Future is trading at 27,609.00  with a loss of -0.54% percent or -150.50 point.

TODAY’S FACTORS AND EVENTS

Japan’s Nikkei share average edged higher on Monday as growth in the nation’s economy unexpectedly accelerated in the first quarter, although market gains were limited as the data also pointed towards lacklustre domestic demand.

Data released on Monday showed Japan’s gross domestic product (GDP) grew at an annualised 2.1% in the first quarter versus expectations of a 0.2% contraction. However, the surprise expansion was mostly caused by imports declining faster than exports, leading to a net exports contribution to GDP. GDP surprised for the better and that’s the main driver behind the stock market’s gains. Those who bet on weak data were caught wrong-footed and reversing their positions,” said Takashi Hiroki, chief strategist at Monex Securities.

PREVIOUS DAY ACTIVITY
 For the day Nikkei 225 is trading at 21,301.73  up with +0.24% percent or +51.64 point. the nifty closed at 11,740.85  up with +2.93% percent or +333.70 point.Hong Kong’s Hang Seng is trading at 27,789.20 with a loss of -0.56% percent or -157.26 point.

WORLD MARKETS

For the day the Dow is trading at 25,764.00 with a loss of -0.38% percent or -98.68   point. The S&P 500 is trading at 2,859.53 with a loss of -0.58% percent or -16.79 point. The Nasdaq Composite is trading at 7,816.28 with a loss of -1.04% percent or -81.76 point.

In other parts of world, Japan’s Nikkei 225 is trading at 21,301.73 up with +0.24% percent or +51.64 point. Hong Kong’s Hang Seng is trading at 27,763.39 with a loss of -0.66% percent or -178.29   point. China’s Shanghai Composite is trading at 2,855.45  with a loss of -0.93% percent or -26.84 point. India’s BSE Sensex is trading at 38,949.72 up with +2.69% percent or +1,018.95 point at 12:15 PM.

Updates

updates@nikkeifutures.org

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