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 | 02:00am US/Eastern

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 
 
 

React to this article
Latest news
Date Title
01:14a DEUTSCHE LUFTHANSA : French prosecutor says: Co-pilot appears to have crashed plane on purpose
01:14a TAIWAN SEMICONDUCTOR MFG : TSMC shares extend losses amid growth concerns
01:13a Gartner Positions Informatica as a Leader in 2015 Magic Quadrant for Enterprise Integration Platform as a Service, Worldwide
01:12a FRONTIER SERVICES : Reports Full Year Revenue of HK$310 Million (in PDF)
01:11a MASTERCARD : qualifies firms' PVT product for EMV and NFC
01:10a Gold Extends Above 1200 Figure, SPX 500 Selloff Pauses to Digest
01:10a U.S. biotech stocks may fall further as short interest rises
01:09a DREAMWORKS ANIMATION SKG : Groove with Boov in 'Home'
01:09a BOSTON BEER : Herald Joe Battenfeld column
01:08a HILTON WORLDWIDE : Hotel bid process seen as ripe for collusion
Latest news
Advertisement
Hot News 
RED HAT : shares jump 10 percent
SANDISK : Harwood Feffer LLP : Announces Investigation of SanDisk Corp.
ACCENTURE : Retailers fail to offer what shoppers want, survey finds
Cosco Corp.'s Unit Gets Order from Maersk Line
TOKYO ELECTRON : Announcement on Personnel Changes
Most Read News
03/26 DEUTSCHE LUFTHANSA : EDITORIAL: The mystery of Germanwings Flight 9525
03/26 CANFOR : and Canfor Pulp Products Inc. Announces Annual General Meeting and First Quarter Results Conference Call
03/26 ENDURO ROYALTY : Provides Updated Tax Information
03/26 AMERICAN APPAREL : Ousted American Apparel chief seeks $40M over firing
03/26 SHOPPERS' PERSONAL INFO NOT PART OF RADIOSHACK SALE : ombudsman
Most recommended articles
01:10a U.S. biotech stocks may fall further as short interest rises
01:10a Gold Extends Above 1200 Figure, SPX 500 Selloff Pauses to Digest
12:36a Asian stocks mixed as Mideast worries linger, oil eases
12:33a Asian stocks mixed as Mideast worries linger, oil eases
12:29a Oil prices fall more than $1 as supply threat eases
Dynamic quotes  
ON
| OFF