FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka


Submit PostSubmit Post
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post



Latest topics

» GLAS will be winner with Super Gain.
by Thushara Ayya Today at 6:50 pm

» Ban of chemical fertilizers is a great news
by celtic tiger Today at 6:07 pm

» DIPPED PRODUCTS PLC (DIPD.N0000)
by ADVENTUS Today at 4:37 pm

» FUTURE of BROWNS INVESTMENT PLC (BIL)
by EPS Today at 7:56 am

» Sri Lanka Bonds Go From Asia’s Worst to Best After China Loan
by dayandacool Yesterday at 11:31 pm

» CSE listed companies...Failed or collapsed
by High-flyer Yesterday at 9:14 pm

» L B FINANCE PLC (LFIN.N0000)
by kanishkaecomm Yesterday at 5:17 pm

» කොටස් වෙළඳපොළ2020
by කොටස් වෙළඳපොළ2020 Yesterday at 11:52 am

» 14 May onwards -Road Clear to Enter one of the Asias Most Undervalued Stock Market
by kalu351 Yesterday at 6:34 am

» Plantation Sector
by කොටස් වෙළඳපොළ2020 Fri May 14, 2021 10:13 pm

» Company Financials or Group Financials?
by ronstyn53 Fri May 14, 2021 8:07 pm

» Banking Sector Analysis
by ADVENTUS Fri May 14, 2021 7:34 pm

» CHEVRON LUBRICANTS LANKA PLC ((LLUB.N0000)
by Bakkabwoi Fri May 14, 2021 5:24 pm

» Grain Elevators Earnings Review With Q1 Results
by EquityChamp Fri May 14, 2021 10:11 am

» What will happen tomorrow?
by Lakshman wijayawardhana Fri May 14, 2021 9:57 am

» Most Undervalued Shares
by Lakshman wijayawardhana Fri May 14, 2021 9:54 am

» Future of Talawakelle Plantation PLC
by කොටස් වෙළඳපොළ2020 Fri May 14, 2021 5:02 am

» NEVER GIVE UP BECAUSE: Stock market for beginners
by Asoka Samarakone Wed May 12, 2021 9:37 pm

» Make it your goal to stay positive in a negative market
by reyaz Wed May 12, 2021 9:01 pm

» Daily Foreign Transactions
by Pradeep90 Wed May 12, 2021 8:32 pm

EXPERT CHRONICLE™

ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

CHRONICLE™ NEWS PRODUCTS

FINANCIAL CHRONICLE™

Views & Reviews, Analysis, Evaluations, Discussions, Gossip and Hot Tips relating to Sri Lankan companies listed on the Colombo Stock Exchange (CSE)
Contribute




DAILY CHRONICLE™

Latest news and articles published in Newspapers, Websites, Blogs and other online news sites relating to business and investments in Sri Lanka
Contribute



ECONOMIC CHRONICLE™

This is a section that provide news, views, analysis, predications relating to Political and Socio-Economic factors and how such activities affect the Stock Market and other economic activity of the Country.

Contribute




EXPERT CHRONICLE™

This is an exclusive section for Expert Articles which will help member to share knowledge through comments and responses of the members. All members are allowed to reply and make comments to these articles.

Contribute


Submit Post


CHRONICLE™ YouTube

Youtube Videos and other visual presentations relating Stock market and other investment advise submitted by members or other contributors.

Contribute


Submit Post


කොළඔ කොටස් වෙළඳපොළේ වංශකථාව
කොළඔ කොටස් වෙළඳපොළේ ලැයිස්තුගත සමාගම් කොටස් ගැන තොරතුරු¸විශ්ලේෂණ¸සාකච්ඡා¸ කටකතා¸රසකතා යන සියල්ල අපේම සිංහලෙන් කතා කළ හැකි ‘කතා මණ්ඩපය’

Contribute

Twitter Feeds
POPULAR COMPANIES
A

ABANS ELECTRICALS PLC

ACCESS ENGINEERING PLC Hot

ACL CABLES PLC

ACL PLASTICS PLC

ACME PRINTING & PACKAGING PLC

AGSTAR PLC

AITKEN SPENCE HOTEL HOLDINGS PLC

AITKEN SPENCE PLC

ANILANA HOTELS AND PROPERTIES PLC

ARPICO INSURANCE PLC

ASIA ASSET FINANCE PLC

ASIA CAPITAL PLC

B

BAIRAHA FARMS PLC

BALANGODA PLANTATIONS PLC

BIMPUTH FINANCE PLC

BLUE DIAMONDS JEWELLERY WORLDWIDE PLC

B P P L HOLDINGS PLC

BROWNS BEACH HOTELS PLC

BROWNS INVESTMENTS PLC

C

CARGO BOAT DEVELOPMENT COMPANY PLC

CENTRAL INDUSTRIES PLC

CEYLON COLD STORES PLC

CEYLON GRAIN ELEVATORS PLC Hot

CEYLON TEA BROKERS PLC

CEYLON TOBACCO COMPANY PLC

CHEVRON LUBRICANTS LANKA PLC

COLOMBO FORT LAND & BUILDING PLC

COMMERCIAL BANK OF CEYLON PLC

CITRUS LEISURE PLC Hot

COMMERCIAL CREDIT AND FINANCE PLC

D

DANKOTUWA PORCELAIN PLC

DFCC BANK PLC

DIALOG AXIATA PLC

DIALOG FINANCE PLC

DIPPED PRODUCTS PLC

DISTILLERIES COMPANY OF SRI LANKA PLC

DUNAMIS CAPITAL PLC

E

EAST WEST PROPERTIES PLC Hot

EASTERN MERCHANTS PLC

EXPOLANKA HOLDINGS PLC

E-CHANNELLING PLC

F

FIRST CAPITAL HOLDINGS PLC

G

GALADARI HOTELS (LANKA) PLC

GUARDIAN CAPITAL PARTNERS PLC

H

HATTON NATIONAL BANK PLC

HAYLEYS PLC

HAYLEYS FABRIC PLC

HAYLEYS FIBRE PLC Hot

HEMAS HOLDINGS PLC

HIKKADUWA BEACH RESORT PLC

HNB ASSURANCE PLC

HVA FOODS PLC

J

JANASHAKTHI INSURANCE COMPANY PLC

JOHN KEELLS HOLDINGS PLC Hot

JOHN KEELLS HOTELS PLC

L

LANKA ASHOK LEYLAND PLC

LANKA IOC PLC

LANKEM CEYLON PLC

LANKEM DEVELOPMENTS PLC

LAUGFS GAS PLC

LAUGFS POWER LIMITED

LOLC FINANCE PLC

LOLC HOLDINGS PLC

LUCKY LANKA MILK PROCESSING COMPANY PLC

M

MELSTACORP PLC

N

NATIONAL DEVELOPMENT BANK PLC

NATION LANKA FINANCE PLC

NESTLE LANKA PLC

O

ORIENT FINANCE PLC

OVERSEAS REALTY (CEYLON) PLC

P

PANASIAN POWER PLC

PEOPLE'S LEASING & FINANCE PLC

PIRAMAL GLASS CEYLON PLC

PRIME FINANCE PLC

R

RAIGAM WAYAMBA SALTERNS PLC

RENUKA AGRI FOODS PLC

RENUKA CAPITAL PLC

RENUKA HOLDINGS PLC

RICHARD PIERIS AND COMPANY PLC

RICHARD PIERIS EXPORTS PLC Hot

ROYAL CERAMICS PLC

S

SAMPATH BANK PLC

SEYLAN BANK PLC

SIERRA CABLES PLC

SINGHE HOSPITALS PLC Hot

SMB LEASING PLC

SOFTLOGIC HOLDINGS PLC

SOFTLOGIC LIFE INSURANCE PLC

SRI LANKA TELECOM PLC

SWISSTEK (CEYLON) PLC Hot

T

TEEJAY LANKA PLC

TESS AGRO PLC

THREE ACRE FARMS PLC

TOKYO CEMENT COMPANY (LANKA) PLC Hot

U

UNION BANK OF COLOMBO PLC

V

VALLIBEL FINANCE PLC

VALLIBEL ONE PLC Hot

VALLIBEL POWER ERATHNA PLC

W

WASKADUWA BEACH RESORT PLC


You are not connected. Please login or register

FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Asia shares hurt as growth worries deepen on China, US data

Asia shares hurt as growth worries deepen on China, US data

Go down  Message [Page 1 of 1]

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
Reuters: Asian shares slid on Monday after U.S. jobs data and cooling inflation in China exacerbated worries about flagging global economic growth, with investors not particularly hopeful that a European meeting later in the day would bring further progress for the region’s banks.

The euro hit a two-year low of $1.2225 in early Monday Asian trade, but later steadied to trade up 0.1 percent higher on the day at $1.2285.

“What investors are most sensitive to right now is the risk of an economic deceleration around the world,” said Tetsuro Ii, president of Commons Asset Management.
MSCI’s broadest index of Asia-Pacific shares outside Japan fell 1.5 percent, pulled down by the energy and materials sectors.

But European stocks were expected to edge higher, however, with financial spreadbetters calling the main indexes in London, Paris and Frankfurt to open up 0.2 percent.
U.S. stock futures were down 0.3 percent.

China’s consumer and producer prices eased more than expected in June, signalling falling demand for goods from the world’s second-biggest economy and the likelihood of more growth-supporting policy moves from Beijing.

“We think the trend of easing consumer inflation will last in the coming months, which will provide much more scope for monetary policy relaxation going forward,” said Wang Jin, an analyst at Guotai Junan Securities in Shanghai.

That comes ahead of second-quarter China GDP figures on Friday expected to be the worst in at least three years, and after Japan’s core machinery orders fell at a record pace earlier on Monday as well as the weaker-than-expected U.S. payrolls data.

Premier Wen Jiabao said on Sunday that China needs to make aggressive efforts to fine-tune its economic policies to support an economy still under downward pressure.

Boston Fed President Eric Rosengren said the non-farm payroll data was disappointing and that it was possible to see a third round of quantitative easing to help the U.S. economy, depending on coming data.

Rosengren does not have a vote on Fed policy this year but regains the vote next year.

“So far data has been coming in weak and I gave a weak forecast myself,” Rosengren told reporters at a forum in Bangkok. “I think it’s appropriate to have more quantitative easing.”

Oil was supported by hopes that the weak China data would spur more stimulus to underpin growth and improve fuel demand, but gold failed to find direction on uncertainty over whether the U.S. jobs data would prompt any imminent policy action.

Japan’s Nikkei average shed 1.1 percent while 10-year Japanese government bond futures hit their highest since October 2010 and the 10-year yield touched 0.790 percent to match a nine-year low hit on June 4.

“Investors are pouring money into Japanese government bonds because they no longer feel certain about piling up Bunds due to increasing pressure on Germany to bear a greater burden for the euro zone’s problems,” said Ii at Commons Asset Management.

A bond dealer at a foreign bank in Tokyo noted that for JGBs, the Sharpe ratio, which gauges returns relative to volatility, is more than two times higher than both Bunds and Treasuries. A higher Sharpe ratio can mean a portfolio is managed efficiently and returns are not very volatile.

Investors’ renewed flight to safety comes after alarm about the global economy prodded a slew of monetary easing last week as well as a surprise agreement by European leaders late in June on steps to shore up the region’s banks.

After sliding more than $2 on worries about weakening demand on Friday, oil regained some ground, with U.S. crude futures up 0.4 percent at $84.80 a barrel and Brent trading 0.6 percent higher at $98.73 a barrel.

Spot gold was down 0.1 percent at $1,581.16 an ounce.

“The market is not sure where prices should go and the sentiment is fragile,” said Lynette Tan, an analyst at Phillip Futures.

Euro zone finance chiefs will try to flesh out plans to reinforce the single currency on Monday but their talks may merely highlight the limitations of last month’s deal to help indebted states and banks.

Spain, at the heart of the latest bailout talks, said it would take further austerity measures in coming days but urged euro zone leaders to quickly implement a rescue plan for the country’s struggling banks.

Rising Spanish and Italian bond yields and declining German yields just a week after the European meeting indicates urgency in overcoming the implementation hurdles, analysts said.

“More tangible action in the form of risk sharing is needed now. Absence of more flexible and larger financial assistance is set to weigh on the periphery,” Michala Marcussen, an economist at Societe Generale, said in a research note.

Asian credit markets weakened with the return of risk aversion, pushing the spread on the iTraxx Asia ex-Japan investment-grade index wider by 7 basis points.
http://www.ft.lk/2012/07/10/asia-shares-hurt-as-growth-worries-deepen-on-china-us-data/
http://www.ft.lk/2012/07/10/asia-shares-hurt-as-growth-worries-deepen-on-china-us-data/

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum