Equities

ASEAN Market Oultook

We are looking to see an ASEAN wide rally today as well as a strong uptick in India, China and Hong Kong. Asean market should advanve by .5% today.
India, China and Hong Kong should see gains of over 1%.
Wall Street was steady at noon but began to post modest gains in afternoon trade despite an [...]

European Exchanges Retreat

World stocks slipped on Thursday while the euro held above a recent 9-month low against the dollar as the European Central Bank prepared to announce next steps in stimulus withdrawal after its policy meeting.
Stock index futures point to a lower open on Wall Street on Thursday, with weekly jobless data due before the market opens, [...]

Wall St Closing Bell Shayne Heffernan

US stocks rallied again overnight as an uptick in mergers and acquisitions and signs of progress in securing European financial backing for the debt in Greece eased investor fears.
Adding to optimism, fertilizer maker CF Industries raised its hostile bid for Terra Industries Inc, while Dow Chemical said it will sell one of its units that [...]

ASEAN Markets to Consolidate on Gains

US stocks rallied again overnight as an uptick in mergers and acquisitions and signs of progress in securing European financial backing for the debt in Greece eased investor fears.
ASEAN markets rallied today as expected and tomorrow look set to consolidate those gains with a flattish day expected. India, China and Hong Kong should see good [...]

Indonesia Attracts China Investment

Indonesia, the resource-rich nation of 17,000 islands is the newtarget of Chinese buyouts.
China’s appetite for natural resources, from coal to gas to oil, is still growing despite 2009’s acquisition spree in Australia, Canada, and Africa.
While those countries are still on China’s radar, Indonesia is commanding ever more of its dealmaking attention.
PetroChina, Sinopec, Sinosteel, Minmetals and [...]

ASEAN News Today

• Thai court orders seizure of $1.4 billion from ex-premier’s frozen assets
Thailand’s Supreme Court Criminal Division for Holders of Political Positions on Friday seized assets valued at 46 billion baht ($1.4 billion) from former prime minister Thaksin Shinawatra out of the entire 76.6 billion baht ($2.3 billion) in his frozen assets, reported state news agency [...]

Read More » No commentFebruary 27, 2010

Berkshire Hathaway BRK.B Still a Strong Buy Ebeling Heffernan

On January 21 Shayne Heffernan of Ebeling Heffernan issued a strong buy on BRK.B accurately predicting the companys move to the S&P 500. Ebeling Heffernan have gave a short term target of $85 and a long term target of $150 at the time the stock was trading around $70.
Today Shayne Heffernan has raised his short [...]

Read More » No commentFebruary 27, 2010

Wall St Closing Bell-Mixed Data, Flat Markets

Previously owned U.S. home sales fell 7.2% in January to a seven-month low, reflecting a lack of employment growth to some extent offestting government incentives to improve the housing market.
January’s numbers actually mark an 11% improvement from resales of 4.5 million units one year earlier. Tax breaks for home buyers may have shifted the [...]

Read More » No commentFebruary 26, 2010

ASEAN Finance News Today

• Vietnam-India trade expected to reach $5bn in coming years
Chair of the National Assembly, Nguyen Phu Trong recently paid a five-day official visit to India (February 23 to 28) and Indonesia (February 28 to March 3) confirming the hope of promoting the close tie between Vietnam with these two countries, reported VNBusinessNews.com.
• Myanmar’s Suu Kyi [...]

Read More » No commentFebruary 26, 2010

Wall St Pre Market-Jobs Data Leads Market Lower

Wall St Falls after Jobs data.
After the reports, Dow Jones Industrial Average futures were down 85 points, while Standard & Poor’s 500 futures were down 11 and Nasdaq Composite futures fell 17. Prior to the data, Dow futures were down 67 points, S&P futures fell 8 and Nasdaq futures were down 10.
Casting further shadows [...]

Read More » No commentFebruary 25, 2010