Australian and Asian Report 31st January 2011
Asian markets are trading lower this morning, on rising concerns over turmoil in Egypt, as demonstrators continued their protest against the President for the sixth day. In Japan, exporters, Toyota Motor, Canon and Honda Motor, paced declines, as risk appetite decreased among investors, while Fujitsu traded lower, after the [...]
Australian Report 28th January 2011
Asian markets are trading lower this morning, after Standard & Poor’s downgraded Japan’s sovereign debt, and following dismal corporate earnings that missed market expectations. In Japan, technology stocks, Canon, and NEC, paced declines, following their disappointing earnings, while banks, Mitsubishi UFJ Financial Group, Mizuho Financial Group and Sumitomo Mitsui Financial Group, [...]
Australian and Asian Report 27th January 2011
Asian markets are trading higher this morning, taking cues from strong overnight gains on the Wall Street, after the Federal Reserve opted to persist with its efforts to stimulate the US economy. In Japan, exporters, Sony, Sharp and Kyocera, paced gains, on growing optimism, ahead of their results. In [...]
International and Australian Report 26th January 2011
Asian markets are trading mixed, as risk appetite decreased among investors, following dismal earnings reports in the US, and weakening of commodity prices. In Japan, shipping stocks, Nippon Yusen, Mitsui O.S.K. Lines and Kawasaki Kisen Kaisha, traded lower, as the Baltic Dry Index of shipping rates for commodities slumped [...]
25th January 2011 Australian and Asian Report
Asian markets are trading higher this morning, taking cues from strong overnight gains on the Wall Street. In Japan, chip makers, Elpida, Renesas and Tokyo Electron, paced gains, buoyed by Intel’s decision to buyback another $10 billion and increased dividend by 15%. A 44% gain in fourth quarter profit [...]
Australian and asian Report
Asian markets are trading mostly higher this morning, as risk appetite increased among investors. In Japan, automakers paced gains, after Nomura Holdings upgraded its rating on Honda Motor to “Buy” from “Neutral”. Among chipmakers, Elpida Memory traded higher, as Goldman Sachs upgraded the stock to “Buy” from “Neutral” and increased its share-price [...]
Australian and Asian Report
Asian markets are trading lower this morning, as risk appetite decreased among investors, amid a looming Chinese interest rate hike. In Japan, commodity trading firms such as Mitsubishi and Mitsui, traded lower, as metal and oil prices came under pressure. In Hong Kong, energy stocks, Cnooc and China Coal Energy, paced declines, [...]
Australian & Asian Report
Asian markets are trading are trading higher this morning, taking cues from
overnight gains on the Wall Street. In Japan, Elpida Memory led the
semiconductor stocks higher, after the Nikkei newspaper reported that the
company has planned to raise prices. Exporters, Hitachi and Honda, paced
gains, as the dollar strengthened against the yen. In Hong Kong, [...]
Australian & Asian Report
Asian markets are trading are trading higher this morning, taking cues from
overnight gains on the Wall Street. In Japan, Elpida Memory led the
semiconductor stocks higher, after the Nikkei newspaper reported that the
company has planned to raise prices. Exporters, Hitachi and Honda, paced
gains, as the dollar strengthened against the yen. In Hong Kong, [...]
Australian and Asian Report
Asian markets are trading higher this morning, led by gains in chipmakers and technology stocks. In Japan, auto makers, Toyota Motor and Nissan Motor, paced gains, after Kyodo news agency reported that the latter is backlogged with orders for its Leaf electric car. Elpida Memory led the chipmakers higher, after Nikkei Daily [...]