Financial Communique » indexes

Asian indexes with positive session

Viliyana Filipova — Tue, 24 May 2011 16:03:57 +0000

The stock market indexes in Asia were able to achieve slight growth in today’s session after three consecutive days of decline, supported by increases in shares of mining and energy sectors. They are ranked among the best performers in today’s trading after prices of metals and oil prices rose. The shares of Sony rose 2.7 percent on the Tokyo Stock Exchange, after management predicted that the company will return to profit in fiscal 2011. The largest exporter of Japanese electronics out of the net loss of 3.2 billion dollars for the fiscal year ended in late March 2011. The regional index MSCI Asia Pacific has achieved a slight growth of 0.2 percent to 131.90 points in today’s volatile session. Last three weeks have brought losses on the stock index against the consequences of the earthquake in Japan on 11 March and the introduction of more stringent policy of many central banks in the region. The leading Japanese Nikkei 225 index rose 0.2 percent to 9 477.17 points, while the exchange in Sydney S & P / ASX 200 lost 0.3 percent to 4 628.80 points. Mining companies have brought an increase of 0.3 per cent of South Korean index Kospi, after copper prices rose 1.6 percent.
The exchange of Hong Kong’s Hang Seng added 0.1 percent to 22,730 points, but the broad Chinese Shanghai Composite Index fell 0.3 percent. Thus Shanghai Composite rose to 10% losses to five-month peak, which said on April 18. The MSCI Asia Pacific has lost 4.4 percent this year compared with a lead of 4.8 percent for the broad U.S. index S & P 500 and a decline of 0.4 percent for the European Stoxx Europe 600.

The crude oil price increase still keep the European stocks on red

Viliyana Filipova — Thu, 24 Feb 2011 23:19:47 +0000

The European stocks fell for a fifth straight day because of ongoing violence in Lebanon, which sent oil prices to the highest level of 29 months. The pan-European Stoxx Europe 600 index slid 0.6 percent to 280.56 points to its lowest level for that month. The opponents of the regime of Muammar Gaddafi solidified its control over cities in the oil-rich eastern part of the country while he continues to hold Tripoli, using tanks to block roads. The crude oil for delivery in April hit 103.41 dollars – the highest intraday value of 29 September 2008, the New York Mercantile Exchange. The major national indexes fell on 12 of the 18 western European markets. Germany’s DAX slid 0.9 percent to 7 130.50 points, while Britain’s FTSE 100 and France’s CAC 40 fell less than 0.1%. The losses in European markets were offset in part after the initial report on applications for unemployment benefits in the U.S. fell more than expected last week. The shares of Porsche SE fell by 11% after the company announced that its merger with Volkswagen AG will probably be postponed. On the winning side became the third largest French bank – Credit Agricole SA, the loss for the quarter was less than expected thanks to the profits of the division of its investment banking.

High growth of Asian Indexes

Viliyana Filipova — Wed, 02 Feb 2011 11:13:08 +0000

The stock market indexes in Asia and Pacific region rose significantly in today’s session, following the good performance of U.S. markets in yesterday’s trading. The regional index MSCI Asia Pacific jumped 1.3 percent to 139.25 points, marking the strongest performance since December 2. Index erase its loss this year due to improved investor sentiment about the world economy. The shares of Toyota Motor rose 3.3 percent on the Tokyo Stock Exchange after the data increased its U.S. sales in January. Mitsubishi Electric’s profit of 45.6 billion yen (560 million dollars) in the last quarter of 2010 helped by a strong 7.4 percent jump in share prices. It is well known and mining companies led by BHP Billiton, because of rising metal prices. All major stock indexes in the region rose in today’s session, while financial markets in China, Taiwan and South Korea were closed for national holidays. Japan’s Nikkei 225 has managed to add 1.8% to 10 457.40 points, while Hong Kong’s Hang Seng rose 1.8 percent to 23,909 points. The Stock Exchange of Singapore Straits Times rose 0.8 percent to 3 211.12 points, before closing tomorrow because welcome the lunar New Year. In India BSE Sensex 30 rose 0.4 percent to 18 100.30 points after strong declines in the previous four sessions. The stock exchanges in China, Hong Kong, South Korea and Singapore will be closed tomorrow because of holidays, while those in Taiwan and Vietnam do not work over the last seven days.
MSCI Asia Pacific remains unchanged this year while the U.S. S & P 500 rose 4%, while in Europe Stoxx Europe 600 is increased by 3 per cent.

Philippines economy with high increase

Viliyana Filipova — Wed, 25 Aug 2010 12:55:00 +0000

The Philippines economy unexpectedly accelerated its growth rate in the second quarter, which reached its levels before the financial crisis in mid-2007. Consumer spending and the state contribute to the growth of gross domestic product (GDP) of the country by 7.9 percent annually. During the first three months of this year Philippine economy also reported high annual growth of 7.8 per cent. The increase was more than expected growth of 6.3 per cent and is the largest of the second quarter of 2007. Philippine economy proved more resilient to slowing world economy in comparison with neighboring Malaysia and Thailand, where growth rates fell in the second quarter. Analysts say the country’s low inflation will allow the Philippine central bank to maintain its liberal monetary policy during this month. The base rate in the Philippines fell to a record low level since 4 percent last year, expectations are that it will not change until the end of this year. This, combined with rapid rates of economic growth is expected to give impetus to the local stock exchange and the Philippine peso. Liberal fiscal and monetary policy is also aimed at raising incomes of the population, as estimated by the World Bank one in four people in the country lives on less than 1.25 dollars a day.
The main stock index in the Philippines PSEi jumped 1.2 percent after good GDP data and the Philippine peso rose over 2% against the U.S. dollar. Interest rates on four-year government bonds fell while at its lowest level in historical perspective. The aim of the Philippine Government is to achieve economic growth of 5 to 6% within this year and another 7-8% next year. In 2009, GDP grew by 1.1% minimum, which is the lowest growth for the past 11 years.

European banks will be put on stress tests more often

Viliyana Filipova — Sat, 21 Aug 2010 07:33:57 +0000

The European banks will be subjected to more frequent stress tests to be strengthened, thus investor confidence in the banking system in the old continent. It told the Bloomberg European Commissioner for Economic and Monetary Policy Commissioner Olli Rehn, specifying that regulatory authorities in the European Union (EU) to consider in what interval to repeat testing of credit institutions in Europe. According to Olli Rehn, stress tests are very important and useful tool for restoring confidence in the financial system and ensure transparency in the banking sector. He added that through them that will provide information for making a solid and reliable analysis of its condition. Olli Rehn plans to discuss the introduction of more frequent testing of banks with the 27 EU finance ministers at the meeting with them, which will be held on 7 September in Brussels. Financial regulators in Europe each year to undergo stress tests the largest banks in the EU. In July were tested 91 of the largest European banks, which account for 65% of the banking industry on the continent. Of these, seven did not pass, including Germany mortgage lender Hypo Real Estate Holding, Greek Agricultural Bank of Greece and five savings banks in Spain. Tests showed that they have enough capital to avoid bankruptcy in case of re-recession and depreciation of government securities.
The results of stress tests were published on July 23 and showed what the investment banks in government securities. Critics, however, were dissatisfied with their lack of rigor applied to the scenarios, which showed that banks in Europe need only 3.5 billion additional capital.

Asian indexes with 3 month top

Viliyana Filipova — Tue, 03 Aug 2010 10:34:50 +0000

The stock market indexes in Asia and Pacific region rose, led by energy and financial companies for second consecutive day. They helped the regional MSCI Asia Pacific index to reach its highest level in three months, while the main stock measure in India – BSE Sensex 30 rose to peak for the last two and a half years. MSCI Asia Pacific, which includes almost 1000 stock companies from ten Asian countries plus Australia and New Zealand moves to increase by 0.5 percent to 121.33 points and is on track to finish today’s session at its highest level 5 May onwards. Japan’s Nikkei 225 rose 1.3 percent to 9 694.01 points and was best performing among all regional indexes. The main Indian stock indicator BSE Sensex 30 rose by 0.2% to 18 103.04 points, led by shares in the banking sector, led by ICICI Bank, which yesterday announced a 17% increase in profit for the second quarter and 15 percent expected growth lending. BSE Sensex 30 rose by 3.6 percent this year and is near its highest level since February 2008. In Hong Kong’s Hang Seng rose by 0.2% to 21 457.66 points, also supported primarily by financial shares because of good financial results in two of the largest European banks – HSBC and BNP Raribas announced Monday. Indices in Taiwan, South Korea, Sri Lanka and Thailand also rose, as their lead was reduced in the range of 1%.
Australia’s S & P / ASX 200 ended the session with a growth of 0.7 percent to 4 571.60 points after the central bank left the basic interest rate in the country without changing the level of 4.5 percent for the third consecutive month. Shares of energy companies ran the most profitable, after oil prices jumped above 81 dollars a barrel for the first time since May. For stock investors’ optimism helped the U.S. data yesterday which showed greater than expected activity in the manufacturing sector of the country in July, and unexpected growth in costs of construction companies. On the negative territory but ended the session in Shanghai, where the Shanghai Composite lost 1.7 percent to 2,627 points because of renewed concerns that the government will continue with restrictions on bank lending and investment in real estate. Top loser today was the exchange in Indonesia, where Jakarta Composite slid 2.8% to 2 973.38 points for the expectation that the country ahead of interest rate increases. Them became the occasion for inflation figures yesterday which showed that the CPI has accelerated to an annual growth rate to 6.22 percent in July compared with 5.05 percent in June and 1.6 percent a year ago. The objective of the central bank of Indonesia is to maintain inflation within the range from 4% to 6% annually.

Asian indexes are increasing for third seial session

Viliyana Filipova — Tue, 27 Jul 2010 18:47:33 +0000

The stock markets in Asia and the Pacific region remained positive momentum from the previous two sessions and rose for a third day, leaving the regional MSCI Asia Pacific Index to its highest level last month. Increases in the U.S. indexes and good financial results for the quarter a number of companies in the region supported the optimistic stock investors today. Among the most profitable for banks, they had relaxed rules governing the capital adequacy of banks, which were announced by the Basel Committee. He was instructed by the leaders of the G-20 to establish new rules to regulate the financial sector because of the severe consequences of the financial crisis. MSCI Asia Pacific, which covers the stock markets in ten Asian countries, Australia and New Zealand increased by 0.4 percent to 118.49 points. After winning the last three sessions, it is a 8.2% below its highest point this year, which said on April 15. Exchange in Australia S & P / ASX 200 rose 0.3 percent to 4 497.40 points after the index of leading indicators showed that the Australian economy will continue to grow in the second half of this year. He rose for the third consecutive month in May, increasing by 0.3 percent compared to April.
In Hong Kong’s Hang Seng added 0.6% to 20 973.39 points, while awaiting the auction of government land, which will be held this week. Wide Chinese Shanghai Composite stock index fell however by 0,5% to 2 575.37 points, led by banks because of concerns that they will be able to recover more than 20% of loans to finance regional infrastructure projects awarded to local authorities in China. Exchange Straits Times in Singapore rose by 0.6% to 2 985.52 points. Shares of the second-largest airline by market capitalization in the world Singapore Air rose 1.8 percent after having announced a net profit of 186 million dollars for the quarter, surpassing analysts’ forecasts. Nikkei 225 also finished in negative territory, but with minimal loss of 0.1% to 9 496.85 points. Shares of Yahoo Japan rose 1.2 percent on the Tokyo Stock Exchange after the news that the company may cooperate with Google in online search business.

Small growth of Wall Street

Viliyana Filipova — Wed, 07 Jul 2010 23:46:53 +0000

The first session on Wall Street this week started with a strong growth indexes, but the positive mood could not be kept until the end of the day. Initial support came after a strong rise in European markets, where exchange measurements progressed with more than 2%. On the other hand, market participants were attracted by lower prices of U.S. stocks, resulting from sales in the last two weeks. On the economic calendar ISM index for services for June recorded a decline from 55.4 to 53.8 points, which was below analysts’ expectations for a weak correction to 55.2 points. Enterprise-level Microsoft bulls lead among blue chips, rose 2.35 percent to 23.82 dollars per share. Second Home Depot recorded the largest decline in the Dow Jones Industrial Average, losing 1.7 percent to 27.30 dollars. The energy sector remained the most stable after shares of British Petroleum advanced 8.7 percent to a 31.9 dollars per share. Exxon Mobil rose 1.5 percent to 57.46 dollars, while Chevron advanced by 0.37 percent to 67.56 dollars. Financial sector Bank of America rose 1.6 percent to 14.05 dollars, and JPMorgan added 1.4 percent to 36.33 dollars per share.
The S & P 500 advanced by 0.54% to 1028 points. DJIA rose 0.59 percent to 9743 points, with the Nasdaq Composite advanced 0.37 percent to 2093 points.

US Indexes closed with decrease

Viliyana Filipova — Thu, 24 Jun 2010 21:28:13 +0000

The U.S. shares lost positions in the last hours of trading stock on Thursday, with unsatisfactory results dragged down shares of companies trading in consumer goods, while the energy sector has suffered due to uncertainty about the moratorium on drilling for oil in deep waters. Standard & Poor’s 500 has made a loss for the fourth straight day – the longest red index series for seven weeks. S & P 500 fell 1.68 percent to 1074 points. Nasdaq Composite lost 1.63 percent to 2217 points. “The mood of the market is bleak,” said Steve Sosnik, strategist Timber Hill LLC / Interactive Brokers Group LLC. “The feeling is not good, and the reason is not just one article or adopting a new law. This is a disease, “he added. Dow Jones Industrial Average lost 1.41 percent to 10,153 points. J.P. Morgan Chase and Bank of America lost their positions in anticipation of new details about the legislation governing the financial sector, which is expected to agree the Senate and Congress in Washington. The new law is likely to tighten control over the financial sector more than analysts expected. Lawmakers have agreed on new capital requirements for banks that will have a five-year grace period. According to a clause proposed by Congress, the White House administration will be able to levy any bank that failed to repay the Federal Reserve rescue packages for granted during the financial crisis.
However, representatives of the Senate said they would reject a proposal to Congress that would make the big banks to pay for the losses of mortgage giants Fannie Mae and Freddie Mac. Investors will remain cautious until the finalization of the new law. Shares of energy companies also fell because of uncertainty surrounding the moratorium on drilling for oil in the deep shelf of the U.S. coast.

Indexes of Wall Street decreased after the news for unemployment

Viliyana Filipova — Thu, 17 Jun 2010 12:54:33 +0000

The unexpected increase in new applications for unemployment benefits in the U.S. last week renewed fears about the state of the labor market and the recovery of U.S. economy. As a result, all three major indexes on Wall Street took down sharply in early session today. From the sale of shares suffered most manufacturers of durable goods, including Caterpillar, Boeing, Honeywell and Deere. Their share dropped by over 1% in morning trade. The index of 30 largest and often traded U.S. companies Dow Jones IA decreased by 0.7% to 10 338.19 points an hour after the start of the session. The broader S & P 500 lost 0.6 percent to 1 107.61 points and Nasdaq Exchange main index Nasdaq Composite fell by 0.7% to 2 291.05 points. All three stock closed yesterday Measure volatile session of the neutral zone after repeatedly changed its direction of movement. The series of U.S. economic data today showed that prices of consumer goods fell for the second consecutive month in May, and initial unemployment benefits rose unexpectedly last week. Meanwhile, it was clear that the growth of imports at the beginning of this year has increased and the negative balance on current account of the country to 109 billion dollars in the first quarter. Shortly thereafter came the data for the index of leading indicators, which predicts the development of the U.S. economy in the future. He rose for the 13th time in 14 months, adding 0.4 percent on a monthly basis in May after April remained unchanged.
The index is calculated by the business organization profit Conference Board. Its economists state that as of May its value is well above its last peak in December 2006, which implies a permanent recovery of the U.S. economy from the crisis. British oil company BP will again be at the center of attention today because its CEO Tony Howard will testify before the U.S. Congress in conjunction with its platform caused by oil spills Deepwater Horizon in the Gulf of Mexico. On Wednesday, BP said it would earmark $ 20 billion to repay the damage caused by ecological disaster and that will not pay a dividend to its shareholders this year. Shares of oil company rose 0.2 percent to U.S. $ 31.92 on the New York Petroleum Exchange in morning trading.