Australian and Asian Report 19th July 2011
Asian Market Snapshot
Asian markets are trading lower this morning, amid concerns that the lack of progress on debt problems in the US and Eurozone would slow the global economic recovery. In Japan, financial stocks, Mitsubishi UFJ Financial, Sumitomo Mitsui Financial and Daiwa Securities, traded lower, tracking losses in US [...]
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 13th June 2011
US markets dipped sharply on Friday, with the DJIA ending below the important level of 12,000 for the first time in three months, amid further signs of a global economic slowdown. Among insurance stocks, Travelers retreated 3.1%, as it delayed its share buyback program, following $1 billion loss in [...]
Australian and Asian Report 2nd June 2011
Asian Market Snapshot
Asian markets are trading sharply lower this morning, as lacklustre US economic data added to worries about the global economic recovery. In Japan, automakers, Toyota Motor, Honda Motor and Nissan Motor, traded lower, as their US auto sales in May registered a dismal performance. Adding to the [...]
Australian and Asian Report 1st June 2011
Asian Market Snapshot
Asian markets are trading mostly higher this morning, taking cues from strong overnight gains on the Wall Street. In Japan, the Nikkei 225 index fluctuated between gains and losses. Utilities, Chubu Electric Power and Tokyo Electric Power, traded lower, as Merrill Lynch downgraded the former to “Neutral” [...]
Australian and Asian Report 24th May 2011
Asian markets are trading higher this morning, after Federal Reserve Bank of St. Louis, President James Bullard, stated that the Federal Reserve would persist with its commitment of near-zero interest rates for an “extended period”. In Japan, the Nikkei 225 index fluctuated between gains and losses, as losses in [...]
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 [...]
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 6th May 2011
Asian markets are trading lower this morning, following lower commodity prices. In Japan, exporters, Toyota Motor and Canon traded lower, as the yen strengthened against the dollar. Shares of Honda Motor came under selling pressure, after the National Business Daily reported that the company suspended its production at a [...]
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 [...]