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Asian Markets Overview of February 10

🕔2/10/2010 1:30:34 PM

Asian shares are expected to remain rising after a rebound in most markets yesterday. On Tuesday China's Shanghai Composite rose 0.5%, Taiwan's Taiex surged 2% and South Korea's Kospi added 1.1%. Hong Kong's Hang Seng Index gained 1.2% spurred by Swiss banking major UBS's return to profit.

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Asian Markets Overview of February 3

🕔2/3/2010 1:30:48 PM

Asian shares were lifted on Tuesday after strong U.S. manufacturing data. Japan's Nikkei index ended 1.63 percent higher, after Toyota's plans to fix millions of vehicles equipped with faulty accelerators in North America and Europe. Australian shares climbed as metals prices rose, but Australian dollar was pulled down by RBA's unexpected decision to keep interest rate unchanged.

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Australian Market Report of November 10: Rally to Continue

🕔11/10/2009 1:00:10 PM

US stocks overnight closed at a new high for the year as the G20 finance ministers and central bankers pledged to keep stimulus measures until a recovery was certain. Dow jumped more than 200 points for the session, with 29 of the index's 30 components finished in the green.

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Australian Market Report of November 9: Market Shrugged Off Disappointing US Jobs Data

🕔11/9/2009 1:00:03 PM

Wall Street posted a small gain on Friday despite the Labour Department report showed the US unemployment rate broke above 10 per cent in October, up from 9.8 per cent in September. But the number of jobs lost narrowed to the lowest level in more than a year.

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Australian Market Report of October 20: Optimism over US Corporate Performance

🕔10/20/2009 1:00:29 PM

Wall Street hit new highs for the year over optimism of the corporate earnings. The rise was led by Caterpillar as a broker said the company was among the best-positioned companies to benefit from improving global growth and spending on construction, infrastructure and commodities.

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Australian Market Report of September 25: Fragile Recovery Worries Investors

🕔9/25/2009 1:00:30 PM

Overnight Wall Street was lower for a second consecutive session on a weak home sales report. The National Association of Realtors said sales of existing homes fell 2.7 per cent in August to an annual rate of 5.10 million units, breaking a string of four increases in six months. The surprise drop in home sales raised more concerns over the economy recovery strength.

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Australian Market Report of September 24: Federal Reserve Cautiously Optimistic

🕔9/24/2009 1:00:29 PM

US stocks fell overnight in a choppy trade as the Federal Reserve announcement showed that the central bank remained cautious to the economy outlook. The Federal Reserve acknowledged the economy is emerging from recession, but maintained its near-zero interest rate and trillion-plus dollar effort to support the fragile recovery.

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