Member access

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesHot NewsMost Read NewsRecomm.Business LeadersVideosCalendar 

MARKET COMMENT: Asian Summary:Stocks Mixed; RBA Signals Rate Cut Pause

02/22/2013 | 01:00am US/Eastern
Recommend:
0

0544 GMT [Dow Jones] ASIAN SUMMARY: Regional markets are mixed following poor economic data from Europe; the Nikkei rises 0.6%, the S&P/ASX is up 0.8%, the HSI declines 0.4%, the Kospi is flat, the Taiex is 0.1% lower, the Sensex adds 0.1%, the Shanghai Composite rises 0.1% and the STI declines 0.2%. In FX markets, the euro rises against the yen as investors triggered stop-loss orders after taking their cues from Japan's firm stock prices. The EUR/JPY is at 123.33 from 122.83 late Tuesday in New York, the EUR/USD is at 1.3215 from 1.3189 and the USD/JPY is at 93.32 from 93.13. Australia's central bank Governor Glenn Stevens says interest rates were at an "appropriate" level for now, signalling a respite in its aggressive year-long rate-cutting cycle; Stevens adds that steep cuts throughout last year were "substantial" and helping stimulate growth. Singapore's 4Q GDP grows 3.3% on an annualized, seasonally-adjusted basis, besting the 1.8% on-quarter growth estimated in January and compared to a 4.6% on-quarter contraction in 3Q; the Ministry of Trade and Industry raises its full-year 2012 growth forecast to 1.3%, from 1.2% estimated previously. The ministry maintains its forecast for 2013 of GDP growth of between 1.0% and 3.0%. Spot gold is at $1,583.90/oz, up $6.90 from the NY close. April Nymex crude oil futures are up 26 cents at $93.10/bbl. (philip.vahn@dowjones.com)

 
Contact us in Singapore. 65 64154 140; MarketTalk@dowjones.com 
 
 

Recommend :
0
React to this article
Latest news
Date Title
<1m ago YAHOO JAPAN : to team up with Bookoff to expand online used book sales
<1m ago SPIRIT PUB : Profit Drops In First Half On Hefty Exceptional Costs
<1m ago VLCCF - Knightsbridge Tankers Limited and Frontline 2012 Ltd. agree to create the leading US listed Capesize company with a fleet of 39 modern vessels.
<1m ago RESEARCH AND MARKETS : North America Angio Suites Market Outlook to 2020
1m ago CERNER : Stock Price Movements, Orders, and Conference Call Schedules - Analyst Notes on Bed Bath & Beyond, YY, GT Advanced, Cerner and Plug Power
2m ago SBERBANK ROSSII : CIB opened GC 'INTEKO' second line of credit in the amount of 6.8 billion rubles
2m ago PATTERSON UTI ENERGY : Results of Operations and Financial Condition, Financial Statements and Exhibits (form 8-K)
2m ago BERKELEY : International Bank of Azerbaijan in London VIP customers will get an opportunity to own a house
2m ago MassMutual Named DiversityInc. 25 Noteworthy Company, Ranks #3 on Top 10 Companies for LGBT Employees List
2m ago Coutts-Centamin likely to benefit from new Egyptian contract law
Latest news
Advertisement
Hot News 
SERVICEPOWER TECHNOLOGIES : Forms Strategic Relationship with Bosch
TRANS SIBERIAN GOLD : Asacha mining and production update
TRISTEL : 24/04/14 UHCW RNS Reach
THEOLIA VR : 2013 annual results
CREE : Patent Application Titled "Light Emitting Devices for Light Emitting Diodes (Leds)" Published Online
Most Read News
2h ago Juicy Apple buoys shares, euro volatility sinks
4h ago BLUNT BAYERN GIVEN A REAL MASTERCLASS ; CHAMPIONS LEAGUE Semi-final first leg
1d ago BUFFETT : moving oil by rail safely major industry concern
1d ago ACTIVISION BLIZZARD : Newest Skylanders® Game - Skylanders Trap TeamTM - Takes Toys-to-Life Phenomenon to New Levels by Bringing Digital Characters into the Physical World
1d ago WAL MART STORES : -Mart says former CEO Scott to retire from board
Most recommended articles
2h ago Juicy Apple buoys shares, euro volatility sinks
1h ago FTSE hits six-week high, miners lead
2d ago Barclays joins retreat from commodities as new rules bite
7d ago BLACKSTONE : earnings rise 30 percent, boosted by private equity gains
4m ago TIME WARNER CABLE : profit rises 19.5 percent
Dynamic quotes  
ON
| OFF