asian indices

The market review for January, 2st

U.S. equity futures are showing little direction premarket, edging higher, most likely due to the dollar trading modestly lower against the euro and yen. Asian markets rallied overnight, particularly in Hong Kong and China, following yesterday’s rally in U.S. equity and commodity markets. But European markets are up only modestly, with the exception of the UK’s FTSE. It is being led higher by banks following market talk that Barclays (BCS) may lift its outlook and after Deutsche Bank said that Barclays and Lloyds Banking Group (LYG) were among its top picks in European banks. Back in the U.S., the only big headline is that Kraft (KFT) sweetened its bid for Cadbury (CBY) after agreeing to sell its North American frozen pizza business to Nestle. But Kraft only increased the cash element of the hostile bid, not the size, and shares of CBY are trading 2% lower premarket. -Equity futures: S&P …

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The market review for September, 8st

Equity futures are pointing solidly higher this morning, trading up 1% after the long weekend. This morning’s strength is a continuation of the bid seen on Friday, which followed mixed employment data, and comes on the heels of two days of gains in overseas markets. Asia and European markets traded up yesterday while U.S. markets were closed, and continued higher in today’s trading. In Europe, Cadbury rose 38% yesterday after rejecting Kraft Food’s $16.7 billion bid. Today, strength in commodities related stocks led gains, with gold rising to six month highs above the closely-watched $1000 mark and oil back near the $70 level ahead of tomorrow’s OPEC meeting, which is expected to leave oil supplies unchanged. While Europe posted more moderate gains today, Asia picked up further with China stocks rising ~2% after the official China Securities Journal reported that nine securities mutual funds, tracking China’s stock indices, are being

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