International Summary

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International Summary May 15th, 2015

News Trading Desk International Summary

International Summary

posted by Matthew Kiselica on 05/15/2015 at 7:21 am
by Matthew Kiselica on 05/15/2015

Asian Headlines The majority of the region advanced with China and S. Korea being the two major exceptions.  In Greater China, Mainland markets succumbed to profit taking and money coming out of the markets for IPOs.  Investors generally ignored statements by Permier Li calling for measures to support the economy.  Also, China’s April FDI rose 10.5% y/y surpassing the 2% estimate.  Hong Kong shares fared better than the mainland with Hutchison Whampoa (+4.2%) continuing to gain on the VimpleCom Italian Mobile unit news. Warren Buffett is a happy man this morning with  BYD (+3.1%) as China cut some bus fuel subsidies to boost new energy bus usage. After the close, China Mobile and China Telecom announced they would be decreasing data fees by at least 35.0%.  Hon Hai’s NI surpasses estimates. Japanese stocks rose thanks to the U.S. gains along with a weaker ¥.  Despite the gains on the day the majority of headline movers were weaker.  Sharp (-7.0%) post yesterday’s earnings, job cuts and funding announcements.  Nikon (-11.0%) forecast OP that was well below expectations and Morgan Stanley cut the shares to Underweight. Takata (-2.6%) reportedly will pay the cost of recalls through installments.  A bright spot was Dentsu (+13.6%) on capital return to investors.…

Asian Headlines The majority of the region advanced with China and S. Korea being the two major exceptions.  In Greater China, Mainland markets succumbed to profit taking and money coming out of the markets for IPOs.  Investors generally ignored statements by Permier Li calling for measures to support the economy.  Also, China’s April FDI rose 10.5% y/y surpassing the 2% estimate.  Hong Kong shares fared better than the mainland with Hutchison Whampoa (+4.2%) continuing to gain on the VimpleCom Italian Mobile unit news. Warren Buffett is a happy man this morning with  BYD (+3.1%) as China cut some bus fuel subsidies to boost new energy bus usage. After the close, China Mobile and China Telecom announced they would be decreasing data fees by at least 35.0%.  Hon Hai’s NI surpasses estimates. Japanese stocks rose thanks to the U.S. gains along with a weaker ¥.  Despite the gains on the day the majority of headline movers were weaker.  Sharp (-7.0%) post yesterday’s earnings, job cuts and funding announcements.  Nikon (-11.0%) forecast OP that was well below expectations and Morgan Stanley cut the shares to Underweight. Takata (-2.6%) reportedly will pay the cost of recalls through installments.  A bright spot was Dentsu (+13.6%) on capital return to investors.…

European Close May 14th, 2015

News Trading Desk International Summary

International Summary

posted by Clayton Duff on 05/14/2015 at 11:28 am
by Clayton Duff on 05/14/2015

Headlines *European indices rallied throughout the session to end right at yesterday morning’s highs.  Volume was a dismal 50% lower. *While Basic Resources fell .27% the balance of sectors rallied, led by Autos +1.41%, Chemicals +1.29%, Personal Goods +1.2% and Insurers +1.07%.   *Greek officials are continuing to meet with the IMF, hoping to secure an agreement as funds quickly dissipate. With Greece back into recession even more emphasis is being placed on retirement reforms, privatizations, and union-restrictions.     British Land +.8% saw inline earnings noting rental growth is the highest in 7 years.  They see a 6% annual increase in construction costs with several hundred million in asset sales expected.      Gazprom -1.3% saw 1Q natgas exports fall 20% with UK importing 61% less.  France was off 27% and Italy down 31%.    Vedanta +1.6% saw revs unchanged from the prior year with margins coming in 7% tighter. They post a profit while citing an impairment of $4.5B on lower commodity prices.    ArcelorMittal +5.7% higher with the EU launching a competition investigation on non-stainless steel imports from China and Russia.     Tonight, Japan to report PPI with the BoK to announce their 7-day Repo Rate expected to remain unchanged at 1.75%.  UK Construction Output…

Headlines *European indices rallied throughout the session to end right at yesterday morning’s highs.  Volume was a dismal 50% lower. *While Basic Resources fell .27% the balance of sectors rallied, led by Autos +1.41%, Chemicals +1.29%, Personal Goods +1.2% and Insurers +1.07%.   *Greek officials are continuing to meet with the IMF, hoping to secure an agreement as funds quickly dissipate. With Greece back into recession even more emphasis is being placed on retirement reforms, privatizations, and union-restrictions.     British Land +.8% saw inline earnings noting rental growth is the highest in 7 years.  They see a 6% annual increase in construction costs with several hundred million in asset sales expected.      Gazprom -1.3% saw 1Q natgas exports fall 20% with UK importing 61% less.  France was off 27% and Italy down 31%.    Vedanta +1.6% saw revs unchanged from the prior year with margins coming in 7% tighter. They post a profit while citing an impairment of $4.5B on lower commodity prices.    ArcelorMittal +5.7% higher with the EU launching a competition investigation on non-stainless steel imports from China and Russia.     Tonight, Japan to report PPI with the BoK to announce their 7-day Repo Rate expected to remain unchanged at 1.75%.  UK Construction Output…

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