Tag Archives: HXM
Emerging market brief
Overnight markets in Asia took a beating across the board on escalated fears the emerging market of Greece will not be able to pay off its debt. There are growing concerns the euro zone will be forced to cut Greece loose or approve some kind of debt forgiveness, wiping out money owed for the bailout.
Emerging markets brief
China’s manufacturing data recovered somewhat in July, climbing to a five-month high of 49.5 compared to 48.2 for the previous reading in June and giving nervous emerging markets a bit of confidence that not everything in the global economy is bad.
Market update: morning coffee brief
Asian markets moved lower during the overnight session led by Japanese utilities and financials. One bright spot was Hong Kong’s telecom sector, which rallied strongly enough to allow the Hang Seng Index to close higher by 0.42%.
Market update: morning coffee brief
The overnight Asian session saw equities jumping higher across the board led by the tech sector and better than expected U.S. housing starts.
Market update: morning coffee brief
Overnight markets gave back most of their gains as sentiment darkened. Hopes for a new round of quantitative easing to spur growth quickly faded after Federal Reserve Chairman Ben Bernanke’s written statement did not contain a clear path to QE3.
Market update: morning coffee brief
Overnight markets were in the green across Asia, led by Hong Kong’s Hang Seng Index by 1.75% while the others did trade with some cautionary sentiment. Market participants are focused today on Fed Chairman Ben Bernanke’s Congressional testimony for any clues toward QE3, and any indication the Chinese government may begin monetary easing.
Market update: morning coffee brief
It’s been over three years since China’s Shanghai Composite went as low as it went overnight (2174.96, -1.74%). Premier Wen Jiabao’s negative comments concerning Chin’s economy along with several corporate profit warnings increased market volatility.
Market update: morning coffee brief
Asian markets found relief overnight and climbed higher in a volatile fashion on mixed economic data from China. The country’s GDP expanded by 7.6%, in line with most economists’ surveys for the second quarter.
Market update: morning coffee brief
Overnight market participants were in for surprise in both the Asian and European sessions, sending all but one market into a sea of red. China was the exception, rising from the carnage by nearly a half percent.
