International Market Report 1st March 2011
US stocks advanced yesterday, as improving economic outlook and bullish comments from Warren Buffett boosted investor confidence. Nationwide Health Properties surged 9.7%, after Ventas stated that it would acquire the former in a multi-million dollar deal to create the country’s biggest real-estate investment trust for health care. Walgreen gained 3.3%, [...]
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 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 [...]
Asian markets are trading mixed this morning, as gains due to successful bond auction by Spain and Italy were overshadowed by losses due to a decline in commodity prices. In Japan, exporters, Sony, Canon and Mazda Motor, paced declines, as the dollar weakened against the yen. In Hong Kong, gains in banking stocks, HSBC Holdings, [...]