Europe: Shares rise at open, buoyed by Elekta

European shares rose at the open on Thursday as commodity stocks recovered from recent falls, with a leading index also buoyed by well-received results from Sweden's Elekta to start September on a positive footing.

The Stoxx Europe 600 rose 0.6 per cent, after finishing August with a 0.4 per cent fall on Wednesday as commodity prices slumped.

However, oil prices stabilised and metal prices recovered on Thursday, leaving the energy and mining sectors up 0.5 per cent and 1.3 per cent respectively. Banks continued a recent rally and were the top sectoral risers, with HSBC up 2.4 per cent.

Elekta was the top single-stock gainer on the Stoxx 600, up 5.2 per cent after the maker of radiation therapy equipment posted Q1 core profit above forecast and said demand had been good in emerging markets, with China particularly strong.

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Seoul: Won rebounds on US dollar selling, stocks firmer

The South Korean won rebounded early on Tuesday as investors sold the greenback, taking profits after it strengthened sharply over the past two sessions.

The won was quoted at 1,118.5 as of 0206 GMT, up 0.7 per cent compared with Monday's close of 1,126.5.

"The won has been reacting to the dollar's movements most sensitively among Asian currencies recently, which would explain today's sharp rise," said Jeong My Young, a foreign exchange analyst at Samsung Futures.

She added that investors will turn their attention to a speech by Fed Chair Janet Yellen in Jackson Hole, Wyoming, later this week for the won's next moves, although direct hints about the US Federal Reserve's next policy move seems unlikely.Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg

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Epic Research Singapore : Malaysia Airline Market News Update

Australian officials in charge of helping search for missing Malaysia Airlines flight MH370 said Monday that one of their ships had detected signals that appear to be coming from a black-box recorder. Australian official Angus Houston said the signals seemed consistent with those from a black box, calling it "a most promising lead" and "very encouraging." But he also said it may take several days to confirm whether the transmissions are in fact recorders from the missing passenger jet. 

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Epic Research Singapore : Forex Market Update

The euro EURUSD -0.25%  fell versus the dollar to $1.3661 from Wednesday’s level of $1.3680, as escalating tensions in Ukraine amid Russian military drills have spooked investors and put pressure on the euro.

The British pound GBPUSD -0.17%   also weakened against the greenback, trading at $1.6641 from $1.6658.

The dollar USDJPY -0.22%  dropped against the Japanese yen, down to ¥102.22 from ¥102.44 late Wednesday. 
 
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