Australian & Asian Market Report 28th February 2011
Asian markets are trading mostly higher this morning, reversing earlier declines, led by gains in financial companies. In Japan, Mizuho Securities paced gains, leading financial companies higher, after a report that the parent company, Mizuho Financial Group, is in talks to make it a wholly owned subsidiary. In [...]
Australian and Asian Market Report 25th February 2011
Asian markets are trading higher this morning, as crude oil prices retreated from multiyear highs, amid easing concern about supply disruptions. In Japan, exporters, Nissan Motor, Sony and Sharp, paced gains, after the yen weakened, improving the outlook for overseas earnings, while Toyota Motor traded higher, as Credit [...]
Australian and Asian Market Report 24th February 2011
Asian markets are trading lower this morning, taking cues from overnight losses on the Wall Street. In Japan, exporters, Honda Motor, Toyota Motor and Mazda Motor, paced declines, as the yen appreciated against the dollar. Tobu Railway traded in negative territory, after the company revealed its plans to [...]
International Market Report 23rd February 2011
US markets declined yesterday, as concerns over continued unrest in the Middle East and dismal results from Wal-Mart overshadowed better-thanexpected rise in consumer confidence for February. Among retailers, WalMart fell 3.1%, as it posted its seventh straight quarterly drop in US sales, trailing its own estimates. Among financials, JP Morgan [...]
Australian and Asian Market Report 22nd February 2011
Asian markets are trading lower this morning, amid persistent political tensions in the some of the North African and Middle East countries. In Japan, shipping stocks, Nippon Yusen, Mitsui O.S.K. Lines and Kawasaki Kisen Kaisha, traded lower, as cargo shipping rates dropped yesterday. Shares extended declines, after Moody’s [...]
International Market Report 21st February 2011
US stocks advanced on Friday, amid upbeat results from the corporate sector, shrugging off concerns over tightening of China’s monetary policy. Caterpillar added 2.4%, as it stated that worldwide demand for its retail machinery continued to be strong, with sales growing 49% in January. Oil sector stocks, Chevron and Exxon [...]
Australian and Asian Market Report 18th February 2011
Asian markets are trading mostly higher this morning, taking cues from overnight gains on the Wall Street. In Japan, Nikkei is trading flat, as stocks fluctuated between gains and losses. Heiwa Real Estate paced declines, after the company revealed its plans to sell ¥13.4 billion in shares to [...]
Asian and Australian Market Report 17th February 2011
Asian markets are trading mostly higher this morning, taking cues from strong overnight gains on the Wall Street. In Japan, exporters, Canon, Sony and Nintendo, paced gains, amid expectations of higher sales in US, as Federal Reserve raised its forecast for US economic growth. Honda Motor gained values, [...]
Asian and Australian Market Report 16th February 2011
Asian markets are trading mostly higher this morning, after Nomura Holdings raised its growth forecasts for Japan. In Japan, financial stocks, Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group and MS&AD Insurance Group Holdings paced gains, after Nomura stated that Japan would recover strongly in the first half [...]
Australian and Asian Market Report 15th February 2011
Asian markets are trading mostly higher this morning, after China’s inflation unexpectedly slowed in January. In Japan, auto makers, Honda Motor and Nissan Motor, paced gains, benefiting from a weaker yen. Miners, Sumitomo Metal Mining and Mitsubishi Materials, traded higher, tracking yesterday’s higher metal prices. GS Yuasa gained [...]