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.
FINANCIAL CHRONICLE™

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

LISTED COMPANIES

Submit Post



Poll

Can there be another Covid-19 wave in Sri Lanka?

 Asian markets mostly up on upbeat earnings Vote_lcap68% Asian markets mostly up on upbeat earnings Vote_rcap 68% [ 178 ]
 Asian markets mostly up on upbeat earnings Vote_lcap18% Asian markets mostly up on upbeat earnings Vote_rcap 18% [ 47 ]
 Asian markets mostly up on upbeat earnings Vote_lcap13% Asian markets mostly up on upbeat earnings Vote_rcap 13% [ 35 ]

Total Votes : 260

STOCK MARKET TRAINING
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



Latest topics

» LIOC WILL HIT TO 38+++
by chinthaka73 Yesterday at 9:12 pm

» HEMAS HOLDINGS PLC (HHL.N0000)
by ADVENTUS Yesterday at 8:16 pm

» KOTAGALA PLANTATION PLC (KOTA.N0000)
by Tissa Yesterday at 6:11 pm

» ACL; RCL; TILE AND LWL- FAIR VALUES FOR FY22
by ADVENTUS Yesterday at 5:23 pm

» In the vicinity listing of LOCH – “LOLC CEYLON”
by bizstock Yesterday at 4:19 pm

» PEOPLE'S INSURANCE PLC (PINS.N0000)
by Ekanayake90 Yesterday at 12:52 pm

» Lanka Milk Foods - LMF
by buddikasmart Yesterday at 11:58 am

» LOFC AND CLC Target Price??
by bizstock Yesterday at 9:55 am

» Commodities boom, tourism hopes fuel South-east Asia stock rally
by ResearchMan Yesterday at 6:15 am

» NP IN TWEETER
by bizstock Yesterday at 2:29 am

» Water For All - CIND
by LHW Fri Oct 15, 2021 9:40 pm

» CFLB.......COLOMBO FORT LAND PLC
by skyfall Fri Oct 15, 2021 2:42 pm

» Country full open keep eye on llub
by rukshan1234 Fri Oct 15, 2021 11:21 am

» EXPOLANKA HOLDINGS PLC (EXPO.N0000)
by samaritan Fri Oct 15, 2021 10:57 am

» Fertilizer issue over !! Buy plantations
by Maharaja Fri Oct 15, 2021 10:36 am

» Today is the Best - Day to buy CLC ..!
by Sapudev Fri Oct 15, 2021 10:11 am

» Good morning everyone... Today is the day...
by Vishwanarth Fri Oct 15, 2021 9:39 am

» EXPO/BILL/LOLC
by arun.cse Fri Oct 15, 2021 8:59 am

» TIME TO PICK DOLLAR EARNING AND DIVIDEND PAYING COMPANIES? :D
by cseguide Thu Oct 14, 2021 10:37 pm

» SUNSHINE HOLDINGS PLC (SUN.N0000)
by LHW Thu Oct 14, 2021 9:47 pm

EXPERT CHRONICLE™

MARKET CHAT


CHRONICLE™ ANALYTICS


ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

LATEST TWEETS

You are not connected. Please login or register

FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ »  Asian markets mostly up on upbeat earnings

Asian markets mostly up on upbeat earnings

2 posters

Go down  Message [Page 1 of 1]

Malika1990

Malika1990
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
HONG KONG (AFP) - Asian markets mostly rose Thursday following upbeat earnings results in the region and the United States, while eurozone fears eased slightly on hopes over the funding of future bailouts.

The first gain for the Dow in four sessions also provided some support, while the euro gave up some of the rare recent gains it had made in New York before movinghigherinearlyEuropeantrade.

Tokyo closed 0.92 percent, or 77.20 points, higher at 8,443.10, Seoul was up 0.74 percent, or 13.16 points, at 1,782.47, and Sydney gained 0.58 percent, or 23.8 points, to 4,147.7.

Hong Kong ended flat, edging up 0.08 percent, or 15.46 points, to 18,892.79, while Shanghai eased 0.48 percent, or 10.15 points, to 2,126.00. Regional investors followed the lead from the Dow and most European markets after Spanish borrowing costs fell slightly after hitting record highs on the back of fears Madridwillaskforabailout.

The yield on Madrid’s 10-year bonds eased to a still-high 7.376 percent after soaring to as much as 7.621 percent at one point. Dealers were given some comfort after Austrian central bank chief Ewald Nowotny, a member of the European Central Bank governing council, said the soon-to-be launched European Stability Mechanism rescue fund might be granted a banking licence.

That would allow the fund to exchange bonds for ECB cash, bolstering its capacity without governments havingtocontributeadditionalfunds.

Traders have been growing increasingly concerned that a possible rescue for Spain could cost hundreds of billions of dollars, which leaves very little in the pot to help other troubled economies.

“Giving the ESM a banking licence would allow it to expand its firepower,” CMC Markets chief market strategist Michael McCarthy in Australia told Dow Jones Newswires.

“The sell-off this week was related to the failure of the eurozone to make any improvement in the structural process of directly aiding Spanish banks.”

But there was still plenty of gloom in Europe. In Germany a survey showed business confidence dropped for the third month in a row in July while Britain said its economy shrank a worse than expected 0.7 percent in April-June deepening the country’s double-dip recession. On Japan’s Nikkei, videogame maker Nintendo posted healthy gains of 3.19 percent after saying later Wednesday that its first-quarter losses were much lower than at the same time last year.

And industrial robotics firm Fanuc surged 5.32 percent after saying earnings for the April-June period were better than expected.

The earnings figures were followed by strong results on Wall Street from construction giant Caterpillar and airplane maker Boeing, which helped the Dow advance 0.47 percent on Wednesday. In Sydney flagship carrier Qantas jumped 9.6 percent after it said it was in talks with Emirates and other airlines about a possible tie up to save its struggling international arm. On currency markets the euro bought $1.2208 and 95.42 yen in early European trade, compared with $1.2153 and 95.04 yen late Wednesday in New York, where it had made big gains from the previous session. The dollar was at 78.16 yen from 78.19 yen.

Oil prices were down. New York’s main contract, light sweet crude for delivery in September, dipped 34 cents to $88.63 a barrel in the afternoon while Brent North Sea crude for September delivery fell 38 cents to $104.00.
http://www.dailymirror.lk/business/stock/20644-asian-markets-mostly-up-on-upbeat-earnings-.html

Harry82

Harry82
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Sri Lanka Also

Back to top  Message [Page 1 of 1]

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