USA

Wall St Closing Bell, Markets Fly

US stocks climbed overnight, pushing the Dow to a recovery high, after a benign February inflation reading buttressed the Fed’s renewed vow of low interest rates.

Data from the Labor Department prior to the market open showed a steeper-than-expected drop in the February Producer Price Index, indicating inflation pressure was minimal and further supporting the near-zero interest rates that have helped propel the rally in equities.

The Dow industrials rose for a sixth consecutive session on Tuesday to reach a 17-month high, and the S&P 500 and the Nasdaq …

China and USA Currency Dispute

The USA is still making a great deal of noise about China and the RMB, fact is the USA have been using a low dollar policy for a long time, …

The General Motors GM IPO

General Motors Co GM.UL has a “reasonable chance” to show a profit in 2010 and could sell shares by late this year though it has no timetable for an IPO …

ASIA

ASEAN Market Outlook, More Growth Expected Today

After strong gains in the USA all Asian markets will set new highs today, Malaysia to may turn around constant losses.

Bangkok posted strong gains today the SET rose 1.77 per cent, or 13.34 points, to close at 765.54, despite ongoing protests in Bangkok. Coal producer Banpu rose 6 baht to close at 614 baht, and energy giant PTT plc rose 4 baht to finish at 250 baht.

Yesterday EHIM New York said in a press conferance Thai stocks remained highly undervalued and the market was going to move …

Paul Chareonwongsak from Merrill Lynch Joins the Team

Mr. Akrathood (Paul) Chareonwongsak is a financial economist, businessman and a consultant, with training at Stanford University, Princeton University, the Wharton Business School and Oxford University. He holds three Bachelor …

ASEAN News Update S.Roy

Laos hydropower plant to bring in $2bn in 25 years
The largest infrastructure project in Laos, the Nam Theun 2 hydropower facility, has started commercial operations, AFP quoted …

EUROPE

Europe Set to Rally

European industrial output rose the most in two decades in January as the reviving global economy prompted companies to boost production of goods including steel and machinery parts.

Output in the economy of the 16 nations using the euro jumped 1.7 per cent from December, the biggest increase since the euro-area data were first compiled in 1990, the European Union’s statistics office in Luxembourg said today. The January increase was more than double the 0.7 per cent gain projected by economists, according to the median of 34 forecasts …

Iron Ore and Coal Prices to Rally

Coking coal price sets the foundation for an explosive move in iron ore

BHP Billiton has succeeded in its push for a quarterly coking coal settlement
that reflects the market price …

This Week on Gold

Gold dipped to 1108.2 but support came in from the near term rising trend-line and it recovered nicely. With the 4 hours MACD crossed above signal line, the retreat from …

BRIC

China and USA Currency Dispute

The USA is still making a great deal of noise about China and the RMB, fact is the USA have been using a low dollar policy for a long time, it seems though they do not think it is fair when others do the same. Many U.S. lawmakers, with strong backing from rented economists, believe the yuan is undervalued by at least 25 percent, giving Chinese companies an unfair edge in trade — one seen as more critical now that the U.S. economy is struggling to recover …

The General Motors GM IPO

General Motors Co GM.UL has a “reasonable chance” to show a profit in 2010 and could sell shares by late this year though it has no timetable for an IPO …

Obama is playing with “Fire” on Chinese currency

The pressure that US President Barack Obama’s is attempting to put on China over its currency’s exchange rate is a manifestation of hypocrisy from the West and will not work, …