July 20, 2011
Australian and Asian Report 19th July 2011
Asian Market Snapshot
Asian markets are trading lower this morning, amid concerns that the lack of progress on debt problems in the US and Eurozone would slow the global economic recovery. In Japan, financial stocks, Mitsubishi UFJ Financial, Sumitomo Mitsui Financial and Daiwa Securities, traded lower, tracking losses in US [...]
Tags: Asian markets, Bank of America, DAX Xetra, Deutsche, European markets, Nasdaq, Oil, US markets
Posted in Greg's Commentary
July 11, 2011
Australian and Asian Report 11th July 2011
Asian markets are trading lower this morning, as dismal US job data and a rise in Chinese inflation dampened investor sentiments. In Japan, exporters, Toyota Motor, Tokyo Electron and Honda Motor, traded lower, as the yen appreciated against the dollar. Financial stocks, Mizuho Trust & Banking, Tokio Marine Holdings [...]
Tags: Asian markets, DAX Xetra, European markets, Nikkei, US markets
Posted in Greg's Commentary
June 16, 2011
Australian and Asian Report 15th June 2011
Asian markets are trading lower, as investors speculated that China and India would implement further interest rate hikes to curb the accelerating inflation. In Japan, exporters traded higher, as better-than-expected US retail sales boosted the outlook for exporters. Inpex Corp. gained, in line with a rise in oil prices [...]
Tags: Asian markets, China, Nasdaq, Nikkei, US markets
Posted in Greg's Commentary
June 13, 2011
Australian and Asian Report 13th June 2011
US markets dipped sharply on Friday, with the DJIA ending below the important level of 12,000 for the first time in three months, amid further signs of a global economic slowdown. Among insurance stocks, Travelers retreated 3.1%, as it delayed its share buyback program, following $1 billion loss in [...]
Tags: Nasdaq, US, US markets
Posted in Greg's Commentary
June 3, 2011
Australian and Asian Report 2nd June 2011
Asian Market Snapshot
Asian markets are trading sharply lower this morning, as lacklustre US economic data added to worries about the global economic recovery. In Japan, automakers, Toyota Motor, Honda Motor and Nissan Motor, traded lower, as their US auto sales in May registered a dismal performance. Adding to the [...]
Tags: Asian markets, DAX Xetra, European markets, Nasdaq, Nikkei, US, US markets
Posted in Greg's Commentary
June 1, 2011
Australian and Asian Report 1st June 2011
Asian Market Snapshot
Asian markets are trading mostly higher this morning, taking cues from strong overnight gains on the Wall Street. In Japan, the Nikkei 225 index fluctuated between gains and losses. Utilities, Chubu Electric Power and Tokyo Electric Power, traded lower, as Merrill Lynch downgraded the former to “Neutral” [...]
Tags: Asian markets, DAX Xetra, European markets, FTSEurofirst, Nasdaq, Nikkei, US markets
Posted in Greg's Commentary
May 24, 2011
Australian and Asian Report 24th May 2011
Asian markets are trading higher this morning, after Federal Reserve Bank of St. Louis, President James Bullard, stated that the Federal Reserve would persist with its commitment of near-zero interest rates for an “extended period”. In Japan, the Nikkei 225 index fluctuated between gains and losses, as losses in [...]
Tags: Asian markets, DAX Xetra, European debt crisis, European markets, Nasdaq, Nikkei, stock market, US markets
Posted in Greg's Commentary
May 20, 2011
Australian and Asian Report 19th May 2011
Asian markets are trading mostly lower this morning, as risk appetite decreased among investors, after Japanese economy contracted 0.9% during the January-March quarter, resulting in a 3.7% year-on-year drop. In Japan, tech-exporter stocks, Toshiba, Hitachi and Fujitsu, traded lower, as the yen managed to recover from an earlier drop [...]
Tags: Asian markets, China, Nasdaq, Nikkei, US markets
Posted in Greg's Commentary
May 17, 2011
International Report 16th May 2011
US markets closed lower on Friday, as dismal corporate earnings, coupled with renewed European debt crisis, weighed on investors’ sentiment. Financial stocks, JP Morgan, Bank of America and Janus Capital, retreated between 2.1% and 4.5%, respectively, as changes to the Consumer Financial Protection Bureau were approved by Republicans of US House [...]
Tags: Bank of America, Euro, European debt crisis, Nasdaq, US markets
Posted in Greg's Commentary
May 16, 2011
Last week saw the world’s major stock exchanges again all close lower, with the exception of the Nasdaq which was flat. In Europe over the course of the week, the FTSE fell by 0.85%, closing at 5925.9; the Dax shed 1.2% to close at 7402.3; the CAC weakened by 0.97% to end the session at [...]
Posted in Greg's Commentary