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 [...]
Australian and Asian Report 11th March 2011
Asian markets are trading lower this morning, taking cues from overnight losses on Wall Street. In Japan, carmakers, Honda and Toyota Motor paced declines, as risk aversion increased among investors. In Hong Kong, property developers, China Overseas Land & Investment, and China Resources Land paced declines, while banks, China [...]
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%, [...]
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 [...]
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 [...]
International Report 7th June 2010
The Dow closed down 323 points to close at 9,931. The S&P shed 37 points to close at 1,064 while Nasdaq dropped 83points to close at 2,219. The benchmark Nikkei dropped 3.8% to close at 9,520.80. The Topix dropped 3.5% to close at 859.21
Jean-Claude Trichet is set to come under fire [...]
International Market Report 27th May 2010
The Dow Jones industrial average dropped 69.30 points or 0.69% to close at 9,974.45. The Standard & Poor’s 500 Index fell 6.08 points, or 0.57%, to close at 1,067.95. The Nasdaq Composite Index dropped 15.07 points, or 0.68%, to close at 2,195.88. The Nikkei rose 117.06 points to close at [...]
International Report 17th May 2010
The benchmark Nikkei dropped 241.07 points and fell to 10,217.25. The broader Topix lost 1.8% to close at 919.39. The Dow Jones closed down 162 points to close at 10,620. Nasdaq fell 47 points to close at 2,346. The S&P 500 fell 21 points at 1,135.
Germany is keen for other Eurozone [...]