News and Reviews Asian Economic Zone

[mynameisandhy]

News and Reviews Economic Zone of Asia (Japan)

 

Bright prospects for Japanese stocks

Tuesday, June 7, 2011

 

Survey conducted by Goldman Sachs Japan to investors indicates that most investors expect the Nikkei to the end of 2011 will move in the range of 10.000 to 11.000.

 

Technology stocks, real estate / construction, auto and finance will become the best-performing stocks. The survey, conducted over two days called "Japan Rising." Surveys show that most Japanese equity investors chose to be cautious due to economic and political conditions at this time of uncertainty. "Politicians are more critical of the Japanese economy and the stock market than ever before," he said. The majority of respondents also believe the USD / JPY will be in the range of 80-90 at the end of 2011.

[mynameisandhy]

News and Reviews Economics Asia (China)

 

In 2010 China Top World Oil Consumption

Wednesday, June 8, 2011

 

In the year 2010 as the largest country in world oil consumer is China overtaking the U.S. as moving the world economy since 1973 after the price increase recently.

 

Request energy increased sharply in 2010 primarily fuel consumption miyak be the fastest since 1969. Thus quoted from the Review of World Energy from British Petroleum (BP), published today.

 

Global oil consumption grew 3.1% or 2.7 million barrels per day. Chinese oil consumption rose 11.2% or 860,000 barrels per day.

 

"This reflects the cycle factor and I think very clearly China think about the problem (consumption) is. China is not merely thinking about economic growth but also to maintain social cohesion by creating a more sustainable growth. In short they are worried about energy supply security and climate change," said Chief Executive BP, Bob Dudley.

 

This year the global energy market is tough in the face of significant interference from Libya and Japan. Global energy consumption increased strongly in 2010 following the global recession. With consumption growth reached 5.6% which is the highest since 1973.

[mynameisandhy]

News and Reviews Economic Zone of Asia (Japan)

 

Japan's Consumer Sentiment Recovers Slightly In May

Thursday, June 9, 2011

 

Japanese consumer sentiment improved slightly in May from the previous month, moving up for the first time in four months as the economy slowly began to emerge from the slump after the disaster 11 March.

 

Cabinet Office Consumer Sentiment Index rose 1.1 points to a seasonally adjusted 34.2 in May, data released Thursday showed. In April, the index was at 33.1.

 

Cabinet Office assessment of maintaining consumer confidence for May, said "remain severe."

[mynameisandhy]

News and Reviews Economic Zone of Asia (China)

 

China Shares Fatigue Post-Trade Balance

Friday, June 10, 2011

 

China shares weaken ahead of the noon-related persistence of concerns about melambannya domestic growth and high inflation prior import trade data showing higher than expected.

 

China's trade surplus to $ 13.05 billion in May from $ 11.4 billion in April. Imports increased by 28.4%, up from 21.8% in April and 22.0% above expectations. This is signaling that domestic demand is still strong. Shanghai Composite Index fell 0.2% to 2697.99. "The trade data did not significantly affect the market because investors do not really focus on the trade. monetary policy to give greater impact," according to the Gold State Securities analyst Li Lei. It is estimated that shares will be traded in the range of 50-points in the range of 2600.

 

SAIC Motor Corp. fell 1.6% to CNY17.09 and Haima Investment Group fell 0.8% to CNY5.09 amid fears of slowing growth in the domestic automotive market. Shenzhen Index down 0.4% to at 1108.53.

[mynameisandhy]

News and Reviews Economic Zone of Asia (Japan)

 

Japan Machinery Orders Down April Unforeseen

Monday, June 13, 2011

 

Japan's core machinery orders fell 0.2% in April from a year earlier and 3.3% from March, Japan's Cabinet Office said Monday morning. Economists surveyed by Dow Jones Newswires had forecast an increase of 1.2% from March.

 

This data is considered a key indicator of corporate capital spending in Japan, but very volatile. Orders excluding the core to the vessel and to large power equipment.

 

Monthly data for March are surprisingly rose, despite the earthquake and tsunami that month, marking a 2.9% increase when the economists expect a decrease of 9.6%

[mynameisandhy]

News and Reviews Economic Zone of Asia (China)

 

Nikkei +1.1% On New Credit Scheme BOJ, China CPI Data

Tuesday, June 14, 2011

 

The Nikkei Stock Average rose 1.1% at 9556.24, extending gains from the closing of 9463.18 midday, as investors welcomed a new line of credit under credit growth scheme announced by the BOJ and follow the relief that China's CPI in May out exactly in line with expectations market.

 

"Political confusion is a negative factor for foreign investors, but the BOJ seems to have a clear vision about what needs to be done," said Hideyuki Ishiguro of Okasan Securities, classifying resistance index in 9700 for the week.

 

All 33 subindexes Topix higher with Tokyo Electric Power is now up 23% at Y245 at high volume.

 

Among China-related stocks, Hitachi rose 2.6% at Y1, 708, Komatsu rose 1.1% to Y2, 315, and Fanuc rose 1.2% at Y12, 290. TDK rose 3.5% to Y4, 440 on Credit Suisse upgrade to outperform.

[mynameisandhy]

News and Reviews Economic Zone of Asia (Japan)

 

Tokyo Stock End Higher on Weak Yen; Utilities Up, Tepco +32%

Wednesday, June 15, 2011

 

Tokyo stock market rose on Wednesday in choppy trade, with Tokyo Electric Power surged 32%, leading the utility to be the best performing sector for two consecutive times.

 

The Nikkei Stock Average rose 26.53 points, or 0.3%, to 9574.32 after 1.1% gain Tuesday. The broader Topix index of all Tokyo Stock Exchange First Section issues added 1.79 points, or 0.2% to 824.65, with 23 of 33 subindexes Topix ended in positive territory.

 

Slight gains in U.S. stocks overnight, along with a simple weak yen, helping stocks higher since the opening, but profit-taking quickly erase many gains in the mid-morning. The index fluctuated in and out of positive territory through the rest of the day.

 

Players say they are waiting for further trading cues from a series of U.S. macroeconomic data to be released over the next few days.

 

"Technical ceiling Nikkei 9600 will be difficult to penetrate unless something stands out in terms of news or surprising data out," said Tatsunori Kawai, head of strategy at kabu.com Securities.

 

Tokyo Electric Power back into the spotlight after a powerful rally Tuesday, closed at the top-level limit of Y329 to a profit of 32%. total volume of 352 million shares Tepco's is the second highest in history, and consists of nearly 18% of the total volume of all the TSE first section.

 

"Stocks react bullishly as fears of delisting of the disappeared," said Kenichi Hirano, operating officer at Tachibana Securities. "

 

Nicholas Smith ahlis equity strategy based in Tokyo says that although buying interest suddenly rose yesterday, the fact that electricity rates may be allowed to ride does not always mean that Tepco are good stocks to invest. "Ultimately, I'd be surprised if the government allows pemeuang shares to pocket cash while companies that are not managed properly," he said.

 

Other utilities continue to benefit from bullish sentiment to revive Tepco. Chugoku Electric Power rose 3.3% at Y1, 190, while Tohoku Electric Power added 1.7% to Y921.

 

Honda Motor also closed up 2.0% to Y2, 990 as investors seek recovery company in the second half of fiscal year. firm prediction of decreased 63% in fiscal 2011 net income, delivered after the market close Tuesday, is considered conservative.

 

"We still think Honda will benefit from the recovery of the U.S. market and essentially complete model changes," wrote analyst at Nomura Securities in a note clients Kunugimoto Masataka, acknowledged that Honda has achieved is more difficult than its competitors with a shortage of supply.

 

Elpida Memory closed up 1.5% up at Y1, 002 after the company said it has developed a new memory chip that consumes less power when the gadget phone is in sleep mode. "Every technology associated with smartphones and tablet is an incentive to buy," said Toshiyuki Kanayama Monex market analyst. He added that investors also bought back shares after the stock down 12% from late May until Tuesday amid worries about the outlook for the price of dynamic random access memory chips (DRAM).

 

Nikkei 225 September futures closed up 50 points, or 0.5%, in 9580 at the Osaka Securities Exchange.

[mynameisandhy]

News and Review Economic Zone Asia (China)

 

China Back Buy Oligasi U.S.

Thursday, June 16, 2011

 

China to buy U.S. bonds in April to $ 7.6 billion, re-selling of the action of the previous five months, according to the U.S. Treasury department released yesterday.

China's holdings rose to $ 1,153 trillion in April, compared to March of 41 145 billion, making it the largest holder of U.S. government bond holdings, according sebuat monthly report from the Treasury International Capital.

Meanwhile, ownership of Hong Kong for U.S. bonds rose to $ 122.4 billion in April, up from $ 122.1 billion in March.

 

Ownership in the UK also rose to 4333 billion in April, where the previous year of $ 325.2 billion in March.

[mynameisandhy]

News and Review Economic Zone Asia (China)

 

China Flood Alert, 555,000 Displaced Persons

Friday, June 17, 2011

 

China to deploy troops to help flood victims and increase disasters standby for several days after rain caused more than half a million people in central provinces and south to evacuate.

 

More than 555,000 people were displaced in seven provinces and one municipality after the rain has recently hit the areas that are dry causing floods and landslides in the Yangtze River basin, said the official China Daily newspaper.

 

State media reported until Thursday afternoon, flooding caused by rain four days recently killed 19 people and seven others missing in the provinces of Anhui, Zhejiang, Jiagxi, Hubei, Hunan, Sichuan and Guizhou and Chongqing municipalities.

 

China increases standby to disasters to the highest level four, and the government called the flooding in some areas, such as Zhejiang province Qianting River region as the worst since 1955.

 

Two levees were breached in the province on Thursday flooded the two towns and 21 villages, Xinhua news agency said.

 

Official death toll from floods and landslides since June 3 has not increased since Wednesday, while state media say at least 105 people were killed and 65 people missing.

 

The weather experts warned Thursday that in the next few days of rain could cause more harm, including in the southwest area. Rainfall is not expected to decline until Sunday.

 

In Jiangxi province in the east, the troops helped evacuate 122,400 people from low-lying areas, news agency China News Service (CNS), on Thursday.

 

State media did not give the number of troops deployed to aid relief efforts for the victims of flood and landslide.

 

In Hubei province, central China, heavy rains two days ago caused a landslide that caused six people missing and blocked Pingdu River, forcing 2,000 people displaced by the dikes hit by landslides and debris.

[mynameisandhy]

News and Economic Review Asia (Japan)

 

Prime Minister of Japan is predicted to place the office on Monday

Monday, June 20, 2011

 

TOKYO. Prime Minister Naoto Kan is expected to announce resignation on Monday. Kyodo news agency reported, Kan resigned along with a vote of no confidence given the parliament over the nuclear crisis is prolonged.

 

Last month, Kan survived a confidence vote but opposition parties have expressed reluctant to cooperate again and continue to collect Kan promises that would resolve the crisis.

 

Kan resigned plan is expected to give a very clear path for the coalition between the DPJ and the Liberal Democratic Party of Japan developed a reconstruction plan.

 

Japanese media reported, that the Finance Minister Yoshihiko Noda will be a substitute for Kan. Another contender, the former Minister of Foreign Affairs of Japan, Seiji Maehara are always vocal raised the issue of security.

[mynameisandhy]

News and Economic Review Asia (Korea)

 

Banking And Technology Stocks Strong, Kospi Up 1.4%

Tuesday, June 21, 2011

 

South Korea's index closed up 1.4% to 269.80 due to technology and financial stocks rebound. Analysts attributed the increase to "technical rebound" after the stock fell sharply.

 

Markets wait for further development of the Greek debt problems and the outcome of the Fed meeting on Wednesday. "In review of the valuation is too low, technology stocks have more room to weaken from current levels, at least for the short term. However, if the results come out lower than forecast, then the stock may continue to weaken," according to the KTB Securities analyst, Park Seok-hyun.

 

Samsung Electronics soared 1.8% to KRW814, 000, LG Electronics surged 4.7% to KRW82, 300 and Hynix rose 2.8% to KRW25, 900. Auto stocks were also higher due to positive earnings forecasts, with Hyundai Motor rose 1.1% to KRW230, 000, while Kia Motors gain 0.3% to KRW68, 400. KB Financial jumped 5.4% to KRW51, 000 and Woori Finance rose 4.8% to KRW13, 000 due to the purchase of foreign investors.

[mynameisandhy]

Asian Economic News and Review (Hong Kong)

 

Hang Seng Rebound Opportunities

Wednesday, June 22, 2011

 

Hang Seng will likely open slightly higher due to concerns about the waning of Greek Prime Minister George Papandreou after winning a vote on Wednesday (06/22) morning local time.

 

Hong Kong market rose as technically. Linus Yip, analyst at First Shanghai Securities believes the Hang Seng rebounded by 1.2% on Tuesday (6.21) is merely technical and too early to say rebound will continue. "Although the index rebounded yesterday, the Hang Seng has so far dropped 7.7% to the moon June.

 

Cnooc and PetroChina will likely follow the strengthening oil prices, but the Bank of China is likely to weaken after China's social security funds to reduce its shareholding. Hang Seng rebounded 1.2% today is the largest percentage increase in a single day since May 31.

[mynameisandhy]

News and Economic Review Asia (Japan)

 

Weakened by the pressure of Japanese stocks decline Exporter Stocks

Monday, June 27, 2011

 

Japanese stocks in trading today (27 / 6) was recorded as having impairment. Slump in stocks in the sector leading exporters due to the strengthening of the movement of the yen against the dollar makes the stock back depressed. The condition was compounded by the negative expectations of financial krisisi deployment in countries in Europe.

 

The Nikkei index declined by 1% to 9578.31 basis points. While index futures weakened by 19 points to 9590 basis points with the support level of 9563 points and resistant level of 9625 points. The broader Topix index fell by 0.9% to 825.64 basis points.

 

Stocks that declined diantaranua is Sony Corp. shares fell 2.11% to 2033 yen, Toyota Motor shares fell 2.28% to 3210 yen and Mitsubishi Corp. shares fell 1.16% to 1960 yen.

 

According to the analysis of the Division of Research in Vibiz Vibiz Consulting, the movement of Japanese stocks are expected to move lower still remains negative given the Japanese retail sales data for the month of May.

[mynameisandhy]

Asian Economic News and Review (Hong Kong)

 

Hang Seng Closed Up Thin, End Movement labile

Tuesday, June 28, 2011

 

Hong Kong Stock Exchange in trading today (28 / 6) closed up thin. Throughout the trading day the stock was recorded as having an unstable movements in which investors are still showing an attitude of "wait and see" to the development of the fundamental conditions of the global economy, especially regarding the bail-out plan for the development of the Greek economy.

 

Hang Seng Index closed up 0.09% to 22061.78 basis points. While index futures experienced a flat at the level of 21 993 basis points with the support level of 21,928 points and resistant level of 22,202 points.

 

Stocks that have increased the stock of which is China Coal rose 0.98% to 10.34 HKD, China Unicom shares rose 2.12% to 15.4 HKD and Petrochina shares rose 1.44% to 11.3 EUR.

 

According to the analysis of the Division of Research in Vibiz Vibiz Consulting, the movement of the Hong Kong stock exchange for trading tomorrow is expected to maish difficult to remember tonight is expected to be released U.S. consumer confidence data for the month of May.

[mynameisandhy]

News and Review Economic Zone Asia (China)

 

China Participates Mute debt crisis of the European Union

Wednesday, June 29, 2011

 

Premier Wen Jiabao and Angela Merkel are committed to helping European debt settlement. Determination was declared after permuan both in Berlin on Tuesday. Merkel and Jiabao agreed to intensify political and economic cooperation between the two countries. In the next five years, the transaction volume of China-Germany expected to be doubled. Last year, the total value of trade between the two countries stood at $ 186.6 billion or grew by 38.5% compared with the value in 2009.

 

China will also sustain growth in the European Union because the country holds the single-currency denominated bonds in large quantities. China will not hesitate to continue to collect a debt of Germany and Greece. However, the purchase must be adapted to the economic situation of the region. China is the seventh-largest consumer of German products, with transaction value of $ 76.9 billion. While Germany itself is the world's largest purchaser of goods and services to China with a total value of $ 109.8 billion.

 

From within China itself reported, the Chinese banks urged to raise interest rates again in order to curb inflation and accelerate economic restrukturiasi, although it could inhibit the growth, said China Securities Journal newspaper in an editorial on the day before

 

According to the newspaper, the Central Bank of China (PBOC) has been relying too much on Statutory Reserves (GWM) of the interest rates to dampen inflation. Though real interest rates had long been negative, triggering the flow of funds out of the banking system, weakening the effectiveness of the increase in reserve requirement or other tightening.

[mynameisandhy]

News and Economic Review Asia (Japan)

 

Nikkei Need a New Stimulant

Thursday, June 30, 2011

 

The Nikkei rose 0.3% to 9825 related to the strengthening of the euro lifted exporters such as Sony and Ricoh., But the overall gain seems limited because the index has risen the past two days due to expectations of the Greek debt resolution, said Hideyuki Ishiguro, Okasan Securities analyst.

 

"The momentum of rise in the overall market requires a new stimulant of data including the number of unemployed U.S. ISM data tonight and tomorrow," he said. Sony jumped 1.7% to Y2, 089 and Ricoh rose 1.4% to Y886. Subindeks Topix rose 25/33, to Kyushu Electric soared 4.0% to Y1, 445, and Kansai Electric Power jumped 3.5% to Y1, 582.

[mynameisandhy]

News and Review Economic Zone Asia (Japan)

 

Japan's Domestic Auto Sales Fall 23.3% In June this year

Friday, July 1, 2011

 

Japan's domestic sales of new cars, trucks and buses fell 23.3% from a year earlier in June, fell for 10 consecutive months, as production constraints due to shortage of spare parts after the earthquake March 11 limped smooth supply of vehicles to dealers, dealers Japanese car Association said Friday

 

Sales reached 225,024 vehicles in June, the association said.

 

Sales of Toyota Motor Corp. (7203.TO) of vehicles sank 37.5% to 87,671 in June, but people from the luxury Lexus brand rose 76.3% to 3792.

 

Nissan Motor Co. 's (7201.TO) sales rose 4.2% to 45,113, while Honda Motor Co.' s (7267.TO) sales dropped 32.3% to 30,040.

 

Sales of cars, as measured by vehicle registration with the government, which is monitored by economists because they are the first consumer spending numbers released each month.

 

The figures do not include sales of mini cars and mini trucks

[mynameisandhy]

News and Economic Review Asia (Japan)

 

Japanese Stock Gains; Nikkei Let Go 10 000

Monday, July 4, 2011

 

Japanese stocks this morning seems to have a strong movement (7.4). Positive sentiment stemming from the rise in Wall Street late last week seemed still characterize the movement in the Japanese stock market. most Asian bourses also increased this morning.

 

At the beginning of this week the Nikkei spot index appears to increase. Index spot opened up by 112.08 points (1.14%) in the position of 9980.15 points. This index will try to test the psychological level of 10000 points in trading today.

 

Nikkei index futures contract for September rose looks thin by 10 points and was opened in 9990 the position of points. Index futures appears to be still moving trying mengut further.

 

Shares in Japanese stocks experiencing upward movement. Honda gained 65 yen to 3175 yen positions. Softbank rose 45 yen to 3125 yen. Toyota rose 45 yen to 3380 yen positions.

 

Analyst Research Vibiz of Vibiz Consulting estimates that the movement of the index futures at today's trading will increase. Index futures has the potential to test the level of 10000 points.

[mynameisandhy]

News and Review Economic Zone Asia (Korea)

 

Morning Moving Kospi Cheers The impact of Global Positive Encouragement

Tuesday, July 5, 2011

 

South Korean Stock Exchange this morning appear to have a strong movement (7.5). Positive sentiment stemming from the rise in Wall Street late last week seemed still characterize the movement in the stock market of South Korea. most Asian bourses also increased this morning.

 

At the beginning of this week's Kospi index spots seem to increase. Index spot opened up by 20.63 points (0.97%) and in a position 2146.37 points.

 

Kospi 200 index futures contract for September appear to have increased by 285 points and thin at the position opened 283.25 points. Index futures appears to be still moving trying to strengthen further.

 

Shares in South Korean bourse suffered upward movement. Hyundai Mobis rose 6000 won to 406,000 won position. KB FGI has increased by 500 won to 51,500 won position.

 

Analyst Research Vibiz of Vibiz Consulting estimates that the movement of the index futures at today's trading will increase. Index futures has the potential to test the level of 280.00 - 284.00 points.

[mynameisandhy]

News and Economic Review Asia (China)

 

China Raises Interest Rates Again

Wednesday, July 6, 2011

 

China raised interest rates for the third time this year on Wednesday evening, make clear that the tame inflation remains a top priority even when the economy is slowing.

 

Increase of 25 basis points on lending and deposit interest rates underscores the confidence that enough of China where the world's second largest economy will be able to take tight monetary policy with a calm, and not threatened by the rapid deceleration that worry by some investors.

 

"Battle of China's inflation almost over. Already there are signs that price pressures begin to decline. The increase in interest rates today may be the last in the cycle," said Frederic Neumann, economist at HSBC in Hong Kong.

 

China's latest step in increasing its main interest rate to 6.56% a year, and lifted the benchmark one-year deposit rate to 3.5%, the central bank said.

 

The increase will apply from Thursday, the central bank said in a brief statement on its website.

 

But with evidence that China's manufacturing sector eased broadly after the tight monetary policy softening demand in China and abroad, some economists think Beijing may be nearing the end of the nine-month cycle of tightening policy.

 

With U.S. interest rates near zero, Beijing is also worried about attracting more speculative funds into China if it raised interest rates too far. That will exacerbate the problem of excess liquidity and further fuel inflation.

 

China's inflation accelerated to the highest 34-month high of 5.5% in May due to high food prices and property market continues to put pressure.

 

Beijing is very sensitive to price increases because of concerns that could generate social unrest and threaten his leadership.

 

Wang Jun, an economist at CCIEE, a government think tank, said Beijing may feel compelled to raise rates again if inflation proves harder than expected.

 

"If inflation falls, there will be no need to raise interest rates. But if prices soar, there may be further interest rate hikes," he said.

[mynameisandhy]

News and Economic Review Asia (Japan)

 

Nikkei Success entrenched Above 10.000

Thursday, July 7, 2011

 

Today is the day-to-2 for the Japanese Nikkei index entrenched in the positive range above the psychological level of 10000.

In general, this condition is mainly supported by Wall St. a few sessions later closed higher thanks to the data appeared above expectations of economic fundamentals, so that helped ease doubts about the recovery that is currently shrinking.

 

Internal factors that helped strengthen the foundation of strengthening the Nikkei is policy environment the Bank of Japan (BOJ) will continue to hold interest rates at the low range. BOJ also raised its forecast on the Japanese economy, which indicated will recover modestly from mid-fiscal year 2011/12.

 

But strengthening the Nikkei will be limited and potentially corrected if the yen rose sharply against the U.S. dollar. Because the appreciation of the yen would make Japan's industrial and manufacturing sector to maintain its production

[mynameisandhy]

News and Economic Review Asia (China)

 

Markets Not Reacting PBOC Advised Against Inflation Overstated

Friday, July 8, 2011

 

Governor of People's Bank of China on Friday urged the market not to overreact to a large increase in the annual inflation rate in June, adding if the digit monthly rates can be used as a better indicator.

"Better to use a monthly rate of inflation data," said the PBOC Governor Zhou Xiaochuan.

 

China is scheduled to release its consumer price index in June on a Saturday, which had been widely expected to show growth of over 6% on annual level. A poll of 16 economists surveyed by Dow Jones Newswires showed the rate of inflation will likely accelerate to 6.3% in June from 5.5% in the previous month, and will constitute the fastest pace since July 2008.

 

Economists generally expect consumer inflation surges in June reflecting a sharp rise in pork prices over the previous year. They also expect inflation to remain high in July before starting to slow down in August.

[mynameisandhy]

News and Economic Review Asia (China)

 

Exports and imports of China as of June recorded slow

Monday, July 11, 2011

 

BEIJING. China recorded the speed of import growth declined in June 2011. This decline occurred as the government seeks to control the growth of domestic demand hit.

 

Chinese imports in June grew only 19.3% compared with a year ago, this figure is much lower than the position of May, reaching 28.4%. While exports grew only 17.9%, which is also much slower than the growth of 19.4% in May.

 

China is currently the state economy and second largest exporter in the world. Analysts said the new figures released this weaker than expected and led to a surplus of U.S. $ 22.3 billion.

 

"Import figures under-estimated,''said David Cohen of Action Economics in Singapore. The numbers recorded reflects that China's economic growth will slow. He said the Chinese government's policy is tightened monetary policy began to affect the country's economic growth rate.

 

"Latest figures are in line with the slowdown in growth, with a smooth landing as many people waiting,''Cohen said. Analysts also expect domestic demand hit by the rise in consumer prices in the country.

 

Inflation figures released late last week also showed that China's inflation touched its highest level in three years with an increase of 6.4% in June, compared with a year ago.

[mynameisandhy]

News and Economic Review Asia (Japan)

 

Yen Gains Driven Business Sector.

Tuesday, July 12, 2011

 

In trading pair USD / JPY during the European session today (07-12) Japanese Yen strengthened against the dollar tracked the U.S. and in the range of 79.93.

 

Japanese Yen forex investors are increasingly in demand in line with the indication showing the improvement of economic performance in Japan.

 

Latest information about the indicator CGPI y / y which was just released by the Bank of Japan showed an increase in performance on the business sector.

 

Indicators of Corporate Goods Price Index (CGPI) y / y increase to 2.5% reported previously expected to rise to 2.4% from the previous value of 2.2%. This positive response by investors in forex trading.

 

Analyst Research Vibiz of Vibiz Consulting suggests that the yen on the currency pair USD / JPY is expected to be strengthened further still.

[mynameisandhy]

News and Economic Review Asia (China)

 

China's Green Growth European Stock

Wednesday, July 13, 2011

 

Stock exchanges in Europe rising higher in trading Wednesday after the data has China managed to lift the performance of mining stocks, and erase the impact of declines in the consumer sector following weak sales of French companies Carrefour and L'Oreal.

Eurostoxx 50 index rose about 0.5%, while the German DAX and French CAC each has recorded an increase of 0.81% and 0.44%. In Britain, the FTSE index moved 0.46% higher in the first 2 hours of trading.

 

Mining stocks showed the best performance by Rio Tinto earned 1.4% and Xstrata increased 2.3% gain, after the release of the data showed China's economic growth exceeded expectations in the second quarter sparked a rally in metal prices.

 

Nevertheless, the increase is happening still seems to be limited by rising concerns about euro zone debt crisis following the downgrade of credit ratings by Moody's Ireland to the level of 'junk'.