My Posts
Asian Equities Up for Second Day in a Row on Risk Appetite after Strong Economic Data from Australia, China and the U.S.
Asia Session Key Developments Yen Trading Below Weekly High, Exporters in Japan Benefiting Shares in Hong Kong Advance on Stronger Banking Sector Australian Shares Continue Gaining on Momentum from Wednesday’s GDP Reports Asian shares gained on Thursday amid the recent positive economic data coming out of Australia and China while also being boosted by overnight gains on Wall Street. However,... [Read more]
U.S. Equities Surge By Most Since July on Manufacturing Data
U.S. Session Key Developments • U.S. Manufacturing Unexpectedly Rises in August For First Time in Four Months • Crude Oil Posts Largest One-Day Gain Since August 2 • Precious Metals Dip Slightly on Reduced “Safe-Haven” Demand U.S. stocks posted their largest gain in nearly two months following strong economic reports out of China and a better-than-expected ISM manufacturing... [Read more]
Asian Equities Rebound on Strong Economic Data from Australia and China
Asia Session Key Developments Japan Recovers on Strong Data from China and Australia, Fears of Strengthened Yen Tempered Hong Kong Shares Up as Manufacturing Data from Mainland Shows Growth Australia’s GDP Grows at Fastest Rate in 3 Years Asian equities rose on Wednesday after China’s manufacturing and Australia’s gross domestic product grew faster than economists estimated. Australia’s... [Read more]
U.S. Equities Mixed as Fed Minutes Signal No Large-Scale Asset Purchases
U.S. Session Key Developments • August Consumer Confidence Rises, Chicago Purchasing Index Disappoints • Crude Oil Posts Largest One-Day Decline Since June, Gold Rallies on Safe-Haven Appeal • Greenback Gains on Commodity Currencies, Slips Versus Euro U.S. stocks declined were mixed following yesterday’s slump, as today’s Fed minutes showed no plans for large-scale asset... [Read more]
BoJ’s Promise to Inject Capital in Banks not a Big Enough Effort, Overnight Losses on Wall Street Also Weigh on Asian Equities
Asia Session Key Developments Investors in Japan See Bank of Japan’s 920 Billion Yen Effort Inadequate, Yen Continues Rise Hong Kong Shares Down on Poor Reporting Australian Market Posts Early Gains, Retreats on Losses Abroad Monday’s promise by the Bank of Japan was intended to instill confidence that the government is taking action to influence the economy – however, investors don’t see... [Read more]
Asian Shares Post Gains on BOJ Announcement, Wall Street Rally
Asia Session Key Developments Bank of Japan Expands Bank-Loan Program amid Pressure from Government Hong Kong Equities Up on Strong HSBC Earnings, Wall Street Gains Australian Market Sees Biggest One-Day Rise in 5 Weeks after Wall Street Rallies on Bernanke’s Comments Asian Equities rebounded after a week’s losses after strong gains on Wall Street overnight followed by the BOJ’s decision... [Read more]
Asian Shares Close Mostly Higher on Global Market Uncertainty, Weakened Yen
Asia Session Key Developments Yen Retreats, Bargain Hunting in Japan Brings Shares Higher Gains in the U.S. and China Don’t Impress Traders In Hong Kong, Index Closes Down Australian Market Closes Up Following Gains on Wall Street There is currently a widespread view that shares in general are undervalued because of the recent decline in global equity markets, so modest gains (and a break from... [Read more]
Asian Shares Extend the Week’s Losses as Investors Continue Risk-Averse Trading
Asia Session Key Developments Japan Export Growth Slows for 5th Straight Month Hong Kong Shares may Lower to 20,500 Support Level in Short-term Australian Market Feeling Effects of Slowing Global Economic Recovery Investors continue to be risk-averse on concerns over the gloomy global economic outlook for the second-half of the year. The Nikkei 225 index fell to a 16-month low as the yen continues... [Read more]
Japan Enters Bear Market, Uncertainty on Global Markets Weighing Down Asian Shares
Asia Session Key Developments Yen Reaches 15-Year High Against Dollar, Nikkei 225 Closes at a Near 16-Month Low Hong Kong Shares Close Lower on Global Economic Outlook Despite Gains in Chinese Market Australian Market Lacking Direction Ahead of Saturday’s Elections Asian Shares Weighed Down by Japan Market Slide, Weak Offshore Markets Nikkei 225 ... [Read more]
European Equities Halt Decline as Consumer Confidence Rebounds
Europe Session Key Developments • French Manufacturing Data Beats Expectations for August • Euro-Zone Consumer Confidence Unexpectedly Rises • Euro Currency Declines Against Greenback for Fourth Day European stocks rallied for the first time in four days as French manufacturing data beat expectations and Euro-Zone consumer confidence rose to its highest level since January 2008. The bullish... [Read more]
