Tag Archive

Range Resources dropped 7.3%, as a broker downgraded the stock to “Market Perform” from “Outperform”

Published on March 2, 2011 By Greg

Australian and Asian Market Report 2nd March 2011
Asian markets are trading lower this morning, taking cues from overnight losses on Wall Street. In Japan, financial stocks, Mitsubishi UFJ Financial Group and Sumitomo Mitsui Financial Group, paced declines, as risk appetite decreased among investors. Automakers, Toyota, Honda Motor and Mitsubishi Motors, traded lower, as the yen [...]

In Asia, crude oil for April delivery is trading $1.60 higher at $99.48 per barrel

Published on February 28, 2011 By Greg

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 [...]

Other European markets finished lower yesterday, after Libya suspended almost two thirds of its oil production, which drove crude oil price to its highest in 30 months, fuelling concerns about inflation and economic growth

Published on February 25, 2011 By Greg

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 [...]

Among technology stocks, Hewlett-Packard tumbled 9.6%, as it reported weaker-than-expected quarterly earnings, while Intel and EMC dropped 3.0% and 0.9%, respectively

Published on February 24, 2011 By Greg

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 [...]

US stocks advanced on Friday, amid upbeat results from the corporate sector, shrugging off concerns over tightening of China’s monetary policy

Published on February 21, 2011 By Greg

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 [...]

Nikkei 225 index is trading marginally higher at 10,841.0

Published on February 18, 2011 By Greg

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 [...]

US markets ended higher yesterday, with the S&P 500 index reclaiming its 32 month high level, as an unexpected rise in housing starts, strong earnings and takeover activities boosted market sentiments

Published on February 17, 2011 By Greg

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, [...]

Nikkei 225 index is trading 0.6% higher, at 10,807.7

Published on February 16, 2011 By Greg

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 [...]

In Asia, crude oil for March delivery is trading 34 cents higher at $85.15 per barrel.

Published on February 15, 2011 By Greg

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 [...]

US markets ended higher on Friday, with the S&P 500 index staging a late rally, as upbeat corporate earnings and mixed jobs data boosted investor sentiments

Published on February 7, 2011 By Greg

 Australian and Asian Market Report 7th February 2011

Asian markets are trading mostly higher this morning, taking cues from gains on the Wall Street on Friday. In Japan, stocks are trading higher, following recent mergers and acquisition activity and a weaker yen. Credit Saison and Ebara paced gains, after the companies boosted their profit forecasts. Among [...]