Asian shares were cheered by good data from Japan and China Monday morning,as well as a steady jobs report from the US on Friday.The MSCI Asia Pacific index rose 0.20%.
The Japanese economy grew a surprising amount in Q1,with the GDP up 6.7% versus an estimate of 5.6.Japanese manufacturing shares were strong,with Alps Electric up 4.0%;Panasonic up 3.0;and Hitachi Construction Machinery up 2.8.The Nikkei rose 0.41%.*
China showed strong exports in May,with a trade surplus of 35.9 billion dollars,up 7.0% on the year.It was the highest surplus since 2008.China's growth target is 7.5%.*
India's SENSEX index was up 0.6% on hopes new Prime Minister Narendra Modi will unveil economic reforms.*
Australian Prime Minister Tony Abbott will travel to Washington this week to meet with President Barack Obama.The two leaders will discuss trade,Asia-Pacific affairs and Afghanistan.Australian markets were closed Monday for the Queen's Birthday holiday.*
Sony will display its Project Morpheus PS4 virtual reality headset at the E3 electronic entertainment show in Las Vegas this week.The Morpheus is a response to Facebook's Oculus headset.Sony has sold two million more Playstation 4 consoles than Microsoft's Xbox 1.
The Sony Morpheus headset is more physically attractive than the Facebook Oculus,which could be a significant edge in itself.The Morpheus features a sleeker,more stylish and space age design than the boxy Oculus.*
In sport,South Korea's Inbee Park notched another LPGA victory at the Manulife Financial LPGA Classic in Waterloo,Ontario.Park shot an incredible 23 under par 61 to edge American Kristie Kerr and her 20 under par 63.China's Shanshan Feng was third with an 18 under par 63.
In motor racing,Australia's Daniel Ricciardo,24,sped to the first victory of the season for Red Bull Racing,while his teammate,World Champion Sebastian Vettel,took third at the Canadian Grand Prix in Montreal.It was also Ricciardo's first F1 victory,while Vettel has yet to win this year.Germany's Nico Rosberg of Mercedes AMG came in second on the podium.*
Sony(SNY),Panasonic(Tokyo:6752;US OTC:PCRFY),Facebook(FB)
Showing posts with label Nikkei. Show all posts
Showing posts with label Nikkei. Show all posts
Monday, June 9, 2014
Monday, June 2, 2014
Monday Newsline:Good Data Encourages Asia;Matsuyama Wins
Several Asian markets were closed Monday for the Dragon Boat Festival,including China,Hong Kong and Taiwan.Of those that did open,the Nikkei rose strongly,up 2.07% on good reports.Japanese capex rose 7.4% in Q1,and the Nikkei saw its first monthly gain in five months in May.*
The China PMI indicated that factory activity increased by the most in five months,although home prices were down slightly on the month.Asian markets were also impressed by the record high achieved by the S&P 500 Index last week.The ASX 200 rose 0.47% and the KOSPI was up 0.35%.Indian stocks also gained,rising 1.0%.
Gross operating profits rose 3.0% on the quarter in Australia,helping the stock market there.
Overall,a positive economic climate is encouraging equity investors worldwide.*
In sport,the young Japanese golfer Hideki Matsuyama,22,sent cheer to his nation as he defeated American Kevin Na in a playoff at The Memorial Tournament in Dublin,Ohio.It was his first victory on US soil,and the first ever win by a Japanese golfer at the prestigious PGA event.
Australian Will Power won the first of two Indycar races comprising the Chevrolet Belle Isle Detroit Grand Prix on Saturday,and came in second in the Sunday race,maintaining his lead in the overall Indycar Series standings.Helio Castroneves of Brazil won Sunday's race.Both drivers are members of Team Penske.
The China PMI indicated that factory activity increased by the most in five months,although home prices were down slightly on the month.Asian markets were also impressed by the record high achieved by the S&P 500 Index last week.The ASX 200 rose 0.47% and the KOSPI was up 0.35%.Indian stocks also gained,rising 1.0%.
Gross operating profits rose 3.0% on the quarter in Australia,helping the stock market there.
Overall,a positive economic climate is encouraging equity investors worldwide.*
In sport,the young Japanese golfer Hideki Matsuyama,22,sent cheer to his nation as he defeated American Kevin Na in a playoff at The Memorial Tournament in Dublin,Ohio.It was his first victory on US soil,and the first ever win by a Japanese golfer at the prestigious PGA event.
Australian Will Power won the first of two Indycar races comprising the Chevrolet Belle Isle Detroit Grand Prix on Saturday,and came in second in the Sunday race,maintaining his lead in the overall Indycar Series standings.Helio Castroneves of Brazil won Sunday's race.Both drivers are members of Team Penske.
Tuesday, March 4, 2014
Resilient Markets Recover From Ukraine Drop
World markets turned positive in Asia and Europe Tuesday,convinced there won't be military clashes anytime soon over the Ukraine crisis.The Nikkei went up 0.47 and the Hong Seng rose 0.70,optimistic that a standoff in Crimea will not escalate today as Russian President Vladimir Putin ordered Russian troops to halt their exercises in Western Russia and return to base,although there is no sign of an end to the crisis,either.
US Secretary of State John Kerry departed for Kiev talks with Ukraine's interim government Monday night,raising hopes of diplomatic progress.
US stock futures followed suit,recovering most of Monday's losses,as did European indexes.The FTSE was up 1.05 as of time of publication,and the CAC rose 1.15,while the DAX climbed 0.75.The underlying sentiment in markets is bullish,and they are not going to let Ukraine end the trend unless there are further developments.
At the same time,gold and oil prices declined as traders' fears of a shooting war eased-at least momentarily.Gold was near a four month high at close of trading Monday.
US Secretary of State John Kerry departed for Kiev talks with Ukraine's interim government Monday night,raising hopes of diplomatic progress.
US stock futures followed suit,recovering most of Monday's losses,as did European indexes.The FTSE was up 1.05 as of time of publication,and the CAC rose 1.15,while the DAX climbed 0.75.The underlying sentiment in markets is bullish,and they are not going to let Ukraine end the trend unless there are further developments.
At the same time,gold and oil prices declined as traders' fears of a shooting war eased-at least momentarily.Gold was near a four month high at close of trading Monday.
Monday, June 27, 2011
Asia This Day
Hong Kong saw partly sunny weather at noontime Monday.It was 90F,and the wind was SW at 7 mph.The humidity was 62% and thunderstorms were in the forecast.
Asian shares were down across the board on concern about European debt,except for Shanghai's,which climbed 0.4.
Chinese premier Wen Jiabao was visiting Europe.He pledged China's long term support for Europe and the Euro.China would continue to buy both Euro bonds and European sovereign debt,including Hungarian bonds.
The New Zealand dollar fell as the country's trade surplus narrowed by more than 40%.New Zealand still had exports exceeding imports by 605 million New Zealand dollars in May.
India's inflation is at 9.1%,and diesel price increases will send it even higher.Nonetheless,Nomura Securities has turned positive on Indian stocks,citing subsiding headwinds.
Shanghai ports expect sea cargo to rise 10% annually as industrial plants move inland.They will ship to the ports as their cargo volumes increase along the Yangtze River.
Japanese electeicity rates are expected to go up by 18% because of lost nuclear capacity in the wake of March's earthquake and tsunami,the Nikkei newspaper reported.
Asian shares were down across the board on concern about European debt,except for Shanghai's,which climbed 0.4.
Chinese premier Wen Jiabao was visiting Europe.He pledged China's long term support for Europe and the Euro.China would continue to buy both Euro bonds and European sovereign debt,including Hungarian bonds.
The New Zealand dollar fell as the country's trade surplus narrowed by more than 40%.New Zealand still had exports exceeding imports by 605 million New Zealand dollars in May.
India's inflation is at 9.1%,and diesel price increases will send it even higher.Nonetheless,Nomura Securities has turned positive on Indian stocks,citing subsiding headwinds.
Shanghai ports expect sea cargo to rise 10% annually as industrial plants move inland.They will ship to the ports as their cargo volumes increase along the Yangtze River.
Japanese electeicity rates are expected to go up by 18% because of lost nuclear capacity in the wake of March's earthquake and tsunami,the Nikkei newspaper reported.
Friday, October 24, 2008
Shop Talk
A special greeting to Virginia,where I advertised this week.Virginians are getting ready to vote.They won't let the media and the pollsters decide for them.There are many who have already declared victory,but maybe Virginia will surprise them.Some of my ancestors were Virginians,so I'm right at home with them.The stock futures threw a fit this morning,so I wasn't at ease then.In Japan,the Nikkei lost almost 10%.Things have settled down a bit,but we still have to get through the dreaded three o'clock hour.That's when all the forced selling comes in.Hopefully we can stay above the intraday low of October 10.So far,that has been a sturdy bottom for the market.
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