Australian and Asian Report 11th July 2011
Asian markets are trading lower this morning, as dismal US job data and a rise in Chinese inflation dampened investor sentiments. In Japan, exporters, Toyota Motor, Tokyo Electron and Honda Motor, traded lower, as the yen appreciated against the dollar. Financial stocks, Mizuho Trust & Banking, Tokio Marine Holdings [...]
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 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 [...]
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 21st April 2011
Asian markets are trading higher this morning, as positive earnings reports from a spate of major US companies spurred optimism in the global economic recovery. In Japan, technology stocks, Sony and Renesas Electronics, traded higher, as their US peer, Qualcomm, reported profit which topped market expectations. Nissan Motor rose, [...]
Australian and Asian Report 20th April 2011
Asian markets are trading higher this morning, on hopes of a faster global economic recovery, after US housing starts data and corporate earnings reports exceeded market expectations. In Japan, chip makers, Advantest and Tokyo Electron, traded higher, after their US peer, Intel, projected higher-than-expected quarterly revenues. Exporters, Fanuc and [...]
Australian and Asian Report 19th April 2011
Asian markets are trading lower this morning, as a US long-term credit outlook downgrade by S&P’s, and ongoing worries about European sovereign debt woes dented sentiment among investors. In Japan, exporters, Toyota Motor and Canon, traded lower, as the yen strengthened against the dollar. Among other stocks, lower oil [...]