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 [...]
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 [...]
Australian and Asian Report 4th May 2011
Asian markets are trading lower this morning, as risk appetite decreased among investors, following speculation that China would undertake further monetary tightening measures. In Hong Kong, China Vanke and China Citic Bank, traded lower, as the China Securities Journal stated that the Chinese central bank would raise lenders’ reserve [...]
Australian and Asian Report 21st April 2011
Asian markets are trading higher this morning, as positive earnings reports from a spate of major US companies spurred optimism in the global economic recovery. In Japan, technology stocks, Sony and Renesas Electronics, traded higher, as their US peer, Qualcomm, reported profit which topped market expectations. Nissan Motor rose, [...]
Australian and Asian Report 7th April 2011
Asian markets are trading mostly lower today, as investors remained cautious, ahead of announcement from the bank of England and European Central Bank. In Japan, exporters, Toyota Motor and Canon, traded higher, as the yen weakened yesterday to near a six-month low against the dollar, on speculation the Bank [...]
Australian and Asian Report 6th April 2011
Asian markets are trading mixed, amid mounting fears that the Federal Reserve would withdraw stimulus measures. In Japan, Tokyo Electric Power and banks recorded losses, as Japan’s nuclear crisis remained unresolved, and ahead of a policy announcement from the Bank of Japan. In Hong Kong, gains in insurers such [...]
Australian and Asian report 5th April 2011
Asian markets are trading mostly lower, as investors remained cautious, ahead of the release of the minutes of the latest US Federal Reserve’s meeting. In Japan, shares of Tepco plunged, hurtling to its lowest close in almost 60 years, after the company began dumping radioactive water from its crippled [...]
Australian and Asian Report 1st April 2011
Asian markets are trading higher this morning, led by gains in oil related stocks. Investors also expressed optimism, ahead of a key US jobs report. In Japan, banks, Mitsubishi UFJ Financial Group and Sumitomo Mitsui Financial Group, paced gains, while oil producers, Inpex, Japan Petroleum Exploration and JX Holdings, [...]
Australian and Asian Report 28th March 2011
Asian markets are trading lower this morning, as investor sentiments were dampened by dismal earnings updates and lingering worries over nuclear crisis in Japan. In Japan, Tokyo Electric Power paced declines, as dangerous radiations delayed efforts to cool the damaged Fukushima reactors. Realty and construction stocks , Daito Trust [...]
Australian & Asian Report 25th March 2011
Asian markets are trading higher this morning, taking cues from the overnight gains on Wall Street. In Japan, technology stocks, Sony, Elpida Memory and Tokyo Electron, paced gains, after Deutsche Bank upgraded Sony with a “Buy” rating. Shares of Komatsu, Comsys Holdings and Ebara, traded higher, amid optimism that [...]