International Report 10th May 2011
Less than a year after the worst drought in a generation destroyed one-third of Russia’s wheat crop and sent global food prices surging, more adverse weather is damaging fields from North America to Europe to Asia. Corn planting in the U.S., the world’s largest grower, is advancing at half of last [...]
Australian and Asian Report 12th April 2011
Asian markets are trading lower this morning, after Japanese nuclear-safety authorities raised their evaluation of the emergency at the Fukushima Daiichi power plant to level 7, the same level as the 1986 Chernobyl disaster. In Japan, technology stocks and automakers came under selling pressure, amid renewed worries about the [...]
Australian and Asian Report 8th April 2011
Asian markets moved strongly overnight after the Japanese Aftershocks. After yet again more tectonic movement, markets were exceptionally volatile.
TREASURER Wayne Swan has officially rejected Singapore Exchange’s proposed takeover of the ASX, saying it was a “no brainer” that the deal was contrary to the Australian interest.
ASX Ltd and [...]
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 29th March 2011
Asian markets are trading higher this morning, taking cues from overnight gains on Wall Street. In Japan, exporters, Canon, Sony and Toyota Motor, paced gains, as the yen weakened against the dollar. Shares of Hitachi and Nissan Motor traded higher, as the companies resumed production, following the worst earthquake [...]
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 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 [...]
International Market Report 1st September 2010
FTSEurofirst 300 index gained 0.1% to 1,026.3. German DAX Xetra 30 climbed 0.2% to 5,925.2. French CAC-40 shifted up 0.1% to close at 3,490.8. DJIA gained 0.1% to 10,014.7. NASDAQ dropped 0.3% to 2,114.0. S&P 500 index closed marginally higher, at 1,049.3. Nikkei 225 index traded 1.0% higher, at 8,914.4. [...]