International News 12th May 2011
Most global investors predict China’s yuan will be convertible into other currencies by 2016, with 50 percent seeing it joining the dollar, yen and euro as a reserve currency within a decade, a Bloomberg poll indicated. Fifty-seven percent of 1,263 Bloomberg customers surveyed who are investors, traders or analysts, including 58 [...]
Australian and Asian Report 23rd March
Asian markets are trading lower this morning, tracking negative cues from Wall Street, and as major Japanese companies announced production halts. Investors were also wary, following more earthquakes near the damaged Fukushima nuclear plant. In Japan, carmakers, Toyota Motor, Honda Motor and Daihatsu Motor, paced declines, after companies extended their [...]
Australian and Asian Report 21st March 2011
Asian markets are trading higher this morning, as crude oil prices rose, after US, UK and France launched airstrikes in Libya and amid news that Japan was making progress in its battle to control radiation leaks. In Hong Kong, oil producers, PetroChina, China Coal Energy and China Shenhua Energy, [...]
Australian and Asian Report 17th March 2011
Asian markets are trading lower this morning, as the worsening crisis at Japan nuclear reactor dampened market sentiments. In Japan, exporters, Toyota, Fanuc and Canon, traded lower, amid concerns that a stronger yen would hurt their profits. Financial stocks, Mitsubishi UFJ Financial Group, Mizuho Financial Group and Tokio Marine [...]
International Report 16th March
US markets finished lower yesterday, as growing concerns over the nuclear crisis in Japan overshadowed encouraging comments from the Federal Reserve. Intel led technology stocks lower, dropping 3.2%, after Nomura Holdings downgraded its rating on the stock to “Neutral” from “Buy”, citing weak personal-computer demand. Peers, Oracle, EMC and Dell ended lower [...]
Australian and Asian Report 15th March 2011
Asian markets are trading lower this morning, amid concerns, after Japan’s Prime Minister, Naoto Kan, warned that radiation leaks had increased after a third explosion at the nuclear power plant at Fukushima. In Japan, Banks, Mizuho Financial Group, Mitsubishi UFJ Financial Group and Mitsui Financial Group, paced declines, as [...]
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 [...]
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 [...]
Australian and Asian Report 10th March 2011
Asian markets are trading lower this morning, taking cues from overnight losses on Wall Street. In Japan, banks, Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group and Mizuho Financial Group, paced declines, as risk appetite decreased among investors. Miner, Sumitomo Metal Mining and Mitsubishi Materials traded lower, as base [...]
Australian and Asian Report 9th March 2011
Asian markets are trading mostly higher this morning, taking cues from overnight gains on Wall Street. In Japan, exporters, Nintendo, Nissan Motor and Canon, paced gains, as the yen weakened against the dollar. Toyota Motor traded higher, amid news that the company is targeting a ¥1 trillion annual operating [...]